frankfurt presentation, page-7

Tigerpen,

Once they get closer to the 2 mill oz I think Barrick will be in there. This will obviously happen if RD starts to shape up, if Borthanna comes in I think they would be in there straight away. Why would they want to wait it will just cost them more money. I too would like to see IGR tick away for a while yet, but I think we have to always be realistic. I hope that we are sitting @ around 80 cents when they TO and offer close to $1. Whatever happens its all good anyway. What do you think?

KL