Ann: Substantial Increase to Makuutu REE Resource to over 500Mt, page-218

Fair question you make but if it did drop to 5.2c it might be the result of shorting or other manipulation. Key thing for me is where it ends up in a few weeks time or a months time. Daily sharp movements are a regular feature of many stocks in the current trading environment. Above all I just hope that the 5.2c level is the lowest level that the SP falls to and the current LT upward trajectory of the SP remains intact. We are in a volatile market right now but Tim H. has a done a magnificent job in very challenging times.

The analysts that model the future value of IXR (like Sprotts) have been very consistent in their forecasts of future profitability and that has provided support for the great modelling spreadsheet that SF2TH updates from time to time.

There is great upheaval in world stocks at the moment but quality projects like IXR are much more likely to succeed. I would not be surprised if a western country like the UK or USA step forward with funding assistance post the DFS. It would be very much in their interests to do so IMHO.

Cheers W2