Ann: AMEC 2012 Presentation , page-12

I still remember that 2011 was going to be the year of Telephone Dam. Now its hardly even mentioned. I do think that they have better prospects. In fact I think they have some fantastic prospects, but we really need to be monetizing them. So far only real return is from ROL.

We need that IFE income stream to kick in ... but when will that ever be and how much?

Also the gold credits from IFE resources.

If we can get an income stream in then fantastic. When will it come though?

Only good news is that I just saw IO prices rise by the first significant amount. +$3.30/tonne taking it to $91.38/tonne, lets hope this is the start of the rebound, and that a rebound DOES happen, and that IFE DOES ship.