Ann: IRC: Signs Exclusivity Deed for potential acquisition, page-10

IRC retrace back to 15 cents, theoretically MRP sp should be around 8 cents.

I am in this for the long haul and looking forward to the merger in June and getting to production as soon as possible in order self fund exploration.  In my opinion there significant potential to be unlocked in lakewood/boorara resource, it just requires a lot of drilling and we haven't worked out the extent of boorara's mineralisation depth, currently at 200m but it is still open.  The elephant is room is whether Horizon mining can demonstrate that Boorara grades improve as we go deeper.