Le derp, I am a big beliver in being utterly fair with all...

Le derp,

I am a big beliver in being utterly fair with all people I have to deal with.

Accordingly I have gone to the trouble of setting out the matters below.

I would expect you to respond with the same equanimity and transparency and fairnmess and, cof course, if you do not, well that just goes to your credibility, leastways I would have thought this to be the case.

Please provide answers to the following (a simple "yes' or "no", if possible, is fine.

1. is it the case that you don't actually base your assertions on any fact in the public domain viz a viz an overshoot on the budget in Q1 2013?

2. Are your comments on numbers and percentages merely your opinions?

3. Do you understand it appropriate to make it very clear to both me and the others who read your comments that your statment is, or is not, based, ultimately, on material fact in the public domain?

4. Are you able to present a quarterly cash flow statment for the "most recent period" logically justifying your opinions?

5. If so, would you please you present that cash flow statment for all of our benifit?

6. Is the oblect of exploration to discover some thing of value or is it merely to spend money in a budget?

7. If it costs more than what was origionally anticipated to achieve an outcome is it proper to continue to achieve the outcome?

8. Does mother nature have to agree with IDC's projected exploration budget?

9. Do you understand that drilling in and around Mt Kare has, historically, been problematic given the highly altered state of the ground due to hydrothemal activity in the base metal carornate and later stages of mineralization?

10. Are you aware that slow drilling costs are multiplied by the costs in logistics which equate at Mt Kare to about 15,000 kina per hour per chopper plus 50 support support staff per chopper/drill rig .

11. Did you say "............The last time you said it would be "significantly" lower resulted in the most recent cashflow exceeding 30% estimates........"

12. Was the statement in 11 above referring to activity in Q4 of 2012 relative to projected costs in Q1 of 2013 ("The most recent cash flow?")?

13. Are you aware that IDC has reported on the Q1 expenditure for 2013?

13. If IDC has not yet reported on cash flow for 2013 (Q1) how can you make any assertion as to expenditure over Q1 2013 without knowing what the most recent "cash flow" is?

14. If, on day one, exploration activities involve the use of three helicopters (at 5000 kina per hour) and three drill rigs at say 14,000 kina per day, and, a cast of anything up to 200 support staff, and then, on day 2, exploration involves only the use of 1 helicopter and one drill rig, and 75% of the temporay support crew are longer engaged, should this significantly impact on cash burn for such activities in the period defined as "day 2".

15. If in Q4 of 2013 I express an opion (based on the matters set out in 14 above) that expenditure is likley to be below the expenditure base set over the 4 Q's in the period 2012 when IDC has three drill rigs and three choppers operating is there any matter your are actually aware of militating against this presumtion?

16. When you refere to "the last time you" (I) "said it would be "significantly" lower resulted in the most recent cashflow exceeding 30% estimates" are you not in fact referring to the matters I expressed as an opinion in 14 and 15 above re the completion of exploration drilling and the PFS in 2012.

17. Is it not the case that about the time IDC completed the PFS and I made the statements referred to indiectly in items 14 and 15 above IDC comissioned hDr Tony Burgess to commence a review of the mineralization at Mt Kare with te consequence that it was then determned to initiate a further program (which was not previously within the existing budget) to explore for high grade Roscolite deposits?

18. Is it therefore not the case that the statement you make and is quoted above in 11 is misleading and improper insofar as the new program for exploration for roslcolit bonanxa grades was announced publicly and the budget for that relevant Q (Q4 2012 or Q1 2013) amended appropriatly?