With the proposed spin-off, ITH is setting up the Livengood deposit up as a seperate entity. This is very smart for the shareholders.

Now if someone wants to buy this property, they can get it and the shareholders are still left with all of the other properties for future growth. This is the same model that XRC used to spin out XG (and both are doing very well).

I like the way that management is thinking. This sort of spin-off may be establishing a new trend for multi-property companies. It is very good for the all concerned.

- Panamax