Ann: PERU DRILL PERMIT UPDATE, page-45

Kiwiboy00
The SP at Xmas time is a pure stab in the dark. Given successful drilling in Riqueza in NE region, ICG is granted the 2 quarantined areas in Barkly region and Hole 4 depth is extended with positive results; AMAGRAD final results are as exciting as the interim findings; B options are exercised and exploratory work is undertaken at Macauley Creek and Jean Elson and throw in a JV in NE Riqueza I envisage a SP price upwards of $1. This would give ICG a MC in excess of $450m. Sounds unrealistic but Chalice 's MC is $1.5b. In reality the SP will depend on strong drilling results, high copper prices and so many other factors. I realise that this post may be subject to much derision and laughter. I look forward to noting the SP at Xmas.
Cheers Rob