There are numerous analyst reports published on IZN now with a range from .90 cent target to around $1.25 target and all mention the hedges. More importantly to me is the expansion of production in the last year at the Condestable operation, the 100%purchase of Raul mine, the purchase of mine production firm in Spain and the present expansion occuring at Aguas Tenidus in Spain. So although the hedge book reduction is important and will contribute to the stock price increase, the production expansions and more control of operation is more important.

The recent additional capital raised was mostly spent to increase the Aguas Tenidus production throughput even as it just declared commercial production, this was an earlier expansion than originally anticipated and should be very positive.