Ann: Quarterly Activities Report 31 December 2018, page-7

When I entered IRC mid 2017 I thought I'd done my homework on the coy.
Now seems only partly !.
IRC doesn't have the excuse of a low gold price now.
I'm wondering whether part of the reason for our low SP is the market is not
impressed with IRC's "stop" "go" operations ie long periods between
generating regular cash flow and the small resources dotted all over the place.
One big single open cut mine with a relatively good mine life surely is
more economical than starting and stopping all the time and having to move
machines,people etc.Of course we have to make do with what we have.
Well one consolation-I'm learning all the time.
ST78-you are big on the importance of "toll treatment".
When you get the time some of us could learn from you.
Cheers.