Ann: IFE Brisbane Mining 2010 Presentation , page-65

The only thing that is confusing is the shareprice imho.

Not a shareholder yet but seriously considering. Dont have funds at moment.

Personally I don't think the market is confused, perhaps some HC posters are...I think the market is SCEPTICAL. It's not every day you get a company coming out and saying they are bringing a project into production for $20M CAPEX that will make up to $100M profit per annum by 2nd year.

There have been a couple examples this year of market being sceptical that have been rewarding for me. The most obvious no-brainer was NST after it picked up the Paulsens project but market reaction was initially minimal. Eventually market cottoned on and it flew.

Think probably a similar case here...market will gradually pick up on it.

As for complaints about director options...not sure why the fuss. They did them at a substantial premium, which is more than can be said for several other companies.

Cdchi1