RE:SOME here have said that the Monster drill sitethe original agreement between IAMgold and toma was a 17.5 million $ option agreement for 50%
of monster lake which means iamgold valued the entire monster lake project at at least 35 mil. We are obviously way undervalued. Probably because without the resource estimate it is all speculation. The fact that IAM went for another 25% pretty quick means they saw something they like and most likely believe strongly that this deposit will be worthy of becoming a mine one day. As long as we can hang on to that 25% we will do very well with this company. They have no debt and a poison pill.