Listening to the latest on BRR, it certainly appears to me that...

Listening to the latest on BRR, it certainly appears to me that GS sees Images future more as a discoverer than a producer. They are cetainly well placed in that regards given the size of their tenemants and the surrounding companies that are slowly using up existing resource base. It appears to be a slight change in focus for IMA, but one which looks to make sense from where I sit, given it is a much lower cost alternative in these uncertain times.

Why go into production competion when you can discover and map tenements for sale to existing producers.

Given that the demand and price for Mineral Sands has not been effected to the exent of other commodities I see better future for IMA.