production, page-4

Boys,its irrelevant what July production is.Slr would not have cared what it was,they know what Igr has and they know how to make a profit.

The Salt Creek plant will change quickly once the merger is in place.Costs will be trimmed and resources processing shared.

The new company will be able to be run like a profit driven company instead of the Igr necessity to be exploration driven.There will be enough resources for another 15+ years between the 2 companies.

There will be the capability to buy out other companies,$100m cash plus big cash flow from well managed processing makes a big difference.

So July production for Igr is irrelevant to the big picture for the merger.Looking forward to being part of a large very well managed company.

Igr management did a great job finding gold and they acieved production under budget and ahead of time.Sadly they did not have the grades at a critical time,plus a plant breakdown,no doubt due to the way the plant was being managed.Combined with pressure from major shareholders,not a good scenario.

So Igr was failing,and in this real business world that is the responsibility of management.Now they are gone so I hope Slr management have lots of sharp pencils and sharp intellects combined with lots of practical experience to make this merger into a very profitable company.