Ann: IMX signs Heads of Agreement to sell Mt Wood, page-7

re: Ann: IXR: IMX signs Heads of Agreement to... Exploration is the life blood of miners, it ensures the future going forward, I don't understand your reasoning in this respect. If a company does not keep up its exploration and project pipeline then they will surely fail in the future. As another poster has mentioned, exploration is a risky business but without it the company is dead. I'm very glad you are not running the company or we would run out of resources going forward as you cant keep buying someone else's. One mistake buying the wrong asset and the money is gone, add that to no exploration and the future is assured destruction.