chart, page-3

re: chart of the 7c I think that 7 cents will be likely to be broken - as essentially the BFS indicates the current mine is unlikely to be viable and thus bank backing will not occur. Incredibly expensive production costs which were not expected by investors ! This means that the only hope is that Mt Watson can somehow share the facility with White Range however this wil not be possible until ( if memory serves me correctly ) late 07 hence likely 08 and which time the Copper prices are likely to considerably lower. I cannot see IGO which is not a pure Copper group to continue to want to takeover this company on this basis. Thus i put it to you that there is good chance for a sell down over the next weeks unless there is new information to change the current situation. No doubt there will be defensive support by IGO of the stock to maximise exit price.