Copper well up at the moment @ $3.28- this compares with $3.07 a...

Copper well up at the moment @ $3.28- this compares with $3.07 a few days ago:

http://www.marketwatch.com/investing/future/COPPER

sliced bread, are you able to link the stock line recommendation, please, or annotate what they said?

Elizabeth, yes, IVA have had losses, but the market is forward thinking. They may have losses again, for sur,e ubt I don't think IVA has a debt facility, which is what most of our goldies run with. Many have much less cash than $45m (TRY, SLR, MOY, UML), but are using their debt facilities, which almost masks their finances. $45m is fine to go on with, given they have done a lot of capex already. Sure, if they decide to forward Merlin, they will need more cash, but someone may wish to buy into this project. There is always Noble, who wants off-take from many of our companies- even minnows like KAB. Merlin has something that is rare. There must be some demand.