questions for c. cairns, page-67

If CC can get full throughput from UG ore 5-10 g/t
why should he waste good plant capacity processing the stockpile. The stockpile is growing now because better
ore is available.

His earlier notion of blending the stockpile with UG
richer ore was just a way of improving mine life, but once
they get going UG with big ozs and money in the till and another year's drill results, the
mine life issue will fade into the background.

CC is not doing the right thing by insisting that it will be 2-3 years before a divvie is paid. This is the call of the board which should be made annually depending on that year's results and announced as required to the market.
As such it is a price sensitive issue whether a divvie is paid or not for that specific year.

CC forecast of no divvie for 2-3 years puts a cap on profit expectations (he said that it would be that long until IGR pays tax and hence can offer a franked divvie)

Whatif, in the interim, that this 4m@1000g/t is proven to be wider and longer than indicated now once JORC'd and
can be mined within a year. Such results would soon retire the current tax concessions!

Perhaps the board would like to consider the CEO's divvie statement and confirm if it was a board decision to defer
divvie for 2-3 years or simply a CEO's shoot from the hip
over dinner remark!

Cheers
Moorookamick