Ann: Presentation 2019 AGM, page-29

Well done Marketinfo, you just hit the nail on the head IPT has gone into virtual hibernation. There are two ways a gold miner can manage the current situation, if they have adequate funds explore develop mine aquire and expand, in the case of IPT that is no longer possible. To survive they have chosen to go into hibernation and conserve their capital until the winter ends. The good news is that if ALK is successful at Boda the winter may well come to an end, also the high price of palladium could help at Broken Hill.