Ann: Drilling to Commence at Iroquois, page-13

I couldn't disagree more....the separation of assets into separate companies is an attempt to unlock extra value for SH's. The confidence we have in the scope of Iroquois indicates it is being highly undervalued at present. Asset separation provides an efficient structure to engage in M&A with a buyer of base metal assets likely to be different to a buyer of gold assets. I believe this is the end game with our Iroquois assets to hopefully be involved in a sale along with RTR(their CEO recently was quoted as saying they have a monster resource with comparable assets having sold for 2bn in recent times). Our gold resources are to be increased to the point that Northern Star will just scoop us up at a fair price to add to their nearby operations in a logical strategy. Sure this may take sometime to play out but to call this a penny dreadful indicates you haven't held some of the dogs that I have in the past.