put options, page-2

Excellent announcement by IGR in view of the constraints placed on them by the banks.

IGR have guaranteed a minimum of A$1,236/A$1,237 for 70% of their first two quarter's gold production PLUS importantly 100% exposure to the upside for this gold production.

This is particularly important if gold explodes in price, and particularly important for investors who want a position in IGR because of their bullish views on gold and their belief that IGR will deliver the gold goods.