Ann: First Pig Iron Cast at Outotec Trial Smeltin, page-9

re: Ann: First Pig Iron Cast at Outotec Trial... Rockjumper... no shock in the share price falling, it rose for the feasibility study (peak of speculation) and now it falls awaiting financing cost details, these are normal peaks and troughs of a typical junior miner.

62% FE is the benchmark price, 55% FE will be scaled down from that price.

Even AGO's 58% FE is scaled from the 62% FE benchmark.

Price will rise again once financing details have been revealed (another risk has been removed)

IDO could ultimately bottom out at 0.34 to 0.36.

Off take for the concentrate? the clue is Rockcheck investment "The placement to Rockcheck is not tied to any off-take arrangements for product from the Jogjakarta Iron Project however discussions around future off-take arrangements are anticipated"

Bear in mind 30% of IDO is locally owned.