Ann: Special Dividend Determined, page-88

It was a very good article that indicates a 2 prong attack in the Gawler Craton. Gold and Titanium. Both in the news these days. The gold results have been impressive in a prolific mining region. It's looking hopeful that there will be a mine at Minos given the thickness and grade results of gold despite the depth. The resource is still open in depth and length and a MRE may be announced by year end, according to the report. It also appears by the surface mineralisation that IDA , that is only 20 km from the Petratherm Titanium find, may be sitting on something.

IDA has a valuation of $44 million with 640 million shares. It has $23 million in cash. With another $34 million coming in May. Even if one gets taxed on the dividends at their company tax rate of 30%, that means that the market values it at ZERO DOLARS!!!