Current mkt cap. of $31m gives us an EV of ~ $22m after...

Current mkt cap. of $31m gives us an EV of ~ $22m after deducting $9m cash on hand-ridiculously low
but awfully attractive to a predator.
More than one Goldfield's gold coy. must surely be running the rule over us as a target and salivating.
With 1 m ozs or close to it likely by Dec. and Lakewood(possible extension of the Superpit) and Richmond in
the background IMO can't see LP getting out of bed for any prospective bid for less than 50 cps.
For EVN an outlay of ~$120m (~235m x 50c)would be mere pocket money.
Even if EVN baulked at paying fully in cash(likely) it's doubtful that IRC's s/holders would reject
a mix of both EVN shares and cash given EVN's financial strength.
Reading between the lines EVN's recent reports and anns. give an almost barely hidden hint they are looking
for opportunities in the region.
EVN IMO could do worse than acquire IRC as a separate operating entity within the EVN family whilst
retaining LP and selected key personnel to continue their good work uninterrupted. Cost savings would include absorbing IRC's admin.and sharing some machinery.EVN are operating big time at Mungari only 20km west of Kalg.
and relative neighbours of IRC's Teal etc etc.IRC have u/grnd mining on the horizon and EVN have
all the necessary experience and gear for u/grnd.
With the USD gold price at low price ~US$1,200 per oz, EVN or others better not leave a prospective
bid too long otherwise they'll be paying us a premium when the gold price turns around.
All IMO only.