re: Ann: Buckland Project PFS Delivers Posit... Footnote: Look...

re: Ann: Buckland Project PFS Delivers Posit... Footnote: Look at what GBG holders are enduring today, and they are already shipping DSO. OUCH another $62 million is now required and to be raised via placement at 20% below market.

IOH are extremely prudent to be looking for partners on this project. AV was very clear at the AGM that he will not expose share holders to financial risk in terms of borrowing the sort of money that the Buckland Project will require.

I do believe in the current environment it will be very challenging for management to find a partner with the coin and the pedigree to make Buckland happen. We don't want one of these partners that promises the world and delivers a terrible result like GBG, MMX, even BRM got skewered in the end despite a good project.

Lots of water to go under the bridge but I have confidence in IOH management to pull this all together with the right partner.