Ann: Pause in Trade, page-13

The combined grade of the merge would be around the 1.5gpt at about 1mill ounces, it will be interesting to see what happens over the next six months... I’m treating this as an “option” to merge over the next 6months with cheap exit if needed (which is great IMO) alot can happen over the next 6months in the global economy, and Boolaras economic’s May look very attractive at a higher gold price, I believe IRCs management see the big picture regarding an attractive land package with plenty of potential for the future... it’s not just about the Boolara deposit.