Ann: Inca Signs Exclusive Earn-in Option with South32, page-20

Nick.

"How are you disappointed with that?"

I am not necessarily disappointed but I am cautious about getting over excited until something definite happens. Too many disappointments before.

"CEO was formerly the CFO at BHP for 4 years."

I know exactly who S32 are. As I said in a previous post today, they are a spin-off from BHP and so, that is where the connection comes from.

Also, in a post a few days ago I suggested that S32 were, in my opinion, the most likely company for ICG to do a deal with.

Lockitt