3 month chart, page-94

Yes, the company have a stated aim of selling the project.

Two companies have expressed interest in buying the project or company, albeit when copper was at higher prices. Xstrata was so keen on it they acquired a blocking stake to prevent another party from getting IRN's share.

Ultimately copper, being core to the 'green economy', will return to higher prices and most tier one miners would recognize the grade and size of Tampakan will make better development sense than most other smaller or lower grade resources.

As to when an offer might be made - it could be 1 week, 1 month, or 1 year.

Given the decision to sell, to me it makes the most sense to flog the whole company to Xstrata, although I am sure the board would prefer to sell only the project and keep a large chunk of dosh so they can pay themselves salaries for a few more years.