cash backing plus gold project, page-3

Platoon,

Some comments on the current market.(These are not my own, they have been gleaned from reading and listening to others)

The bear market normally ends when there is a huge volume spike. That has not happened yet. The market could therefore fall further. (driven by emotion)

When the recovery begins, often the fall is made up in the first year and so from high to low to high is about 2 years. BUT - the bull run in the first year is normally not small caps, it is the big boys that run as people come back into the market and chase the top 20 or 50 only (having been burnt in the small caps). Small caps start to run when confidence returns big time, but that could be 18 months to 2 years after the bottom of the bear market.

The implication for IGO is that irrespective of the fundamentals, the sp could be depressed for some time.

Macquarie Private Wealth is suggesting sell all mid and junior miners and stay with the big boys only. I am just reporting what they are saying. I am not endorsing or rejecting it, but being aware of advice some investors are getting is always useful.

HT1