Ann: 90 g/t Gold Concentrate Produced & Bulk Sample Taken, page-16

When Mantle Mining announced they were going to acquire the Norton mine November 2013, the gold price was touching Aud$1350. Now gold is at AuD$1600. A gain of $250 an ounce!

If IK and the board are thinking of a 10,000 ounce per year operation then the bottom line economics of the operation has now improved by $2.5 million p.a. above and beyond that at the time of announcing the acquisition.

IMO Norton will be a 20-30,000 ounce a year operation probably within a year of operation as they have the funds to buy more machinery, crusher plants e.t.c and add a hydrometallurgical processing to the processing circuit. That will be more than $5 million a year profit, or the entire market capitalisation of Mantle Mining.

We just need the announcement from IK and the rest of the market to wake up!