Tophat,"I understand that the 100k and then utilising cashflow...

Tophat,

"I understand that the 100k and then utilising cashflow to get to 250k of gold per annum is achievable..."

How do you understand this, when the mine design has not been completed yet? These numbers have been plucked from the air: 4m oz deposit; 150k pa oz - based on what?

Rememer that Lichkvaz has been sitting there for over 20 years, yet foreign mining companies own deposits surrounding it - per chance this "+4m oz deposit" was over looked???

IBR are selling out because it's in the too hard basket - too hard for the likes of IBR, realising they did not have the skills or money to realise value for shareholders. Perhaps IBR is worth more than 4:1, but at the time the only offer was TMR.

This is called stock market mining, and it's time to cash out.