Ann: Greenstone Placement, page-5

With any IPO they need to get all parties agreeing. CNJ has no money and not doing anything pending these discussions.

I cannot see IGO wanting any partners apart from GAL involved.

So IMO the IPO will be a buyout of mtjv and shares in the IPO offerred to market with IGO/GAL keeping 30%+ each.

Question are what price?, timing before or after outstanding assays?,

Why a buyout, just cleaner and allows for a capital return that is tax effective to SH. CNJ gets cash for Greenland and GSR gets cash for further burbanks drilling along untested area