To be totally honest.... ITC pretty much funds its own...

To be totally honest.... ITC pretty much funds its own exploration with the revenue gained from its current production... therefore a couple of nice strikes and this baby should go through the roof due to the fact that they would then start to turn a nice little profit.... 2008 and 2009 will be the tell tale years for IEL and whether they will be a success or failure REALLY hedges on the short to medium term outcomes... in saying that i wonder if ITC would be interested in acquiring some more tenements around Australia or the world and whether a JV may be on the cards....

oh and BTW STU is at 2040m the rig should be arrived and ready to go by early next week if luck goes our way... I can see a quiet build up in price during the drill program... Very small volume but it has creeped back up in the few days... which is a shame i was hoping to take some more at 3.9 oh well looks like 4 cents NOW...