Hugh Cleland, CFA Iberian Minerals Corporation IZN-X HOLD May 24, 2007

Still a takeout candidate and if they can expand their resource and reserves over time, it puts them in play even more.

Hugh Cleland, CFA

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Zinc in Utah. This could go into production by itself. We could see this thing scale bigger in terms of tonnage. There is a lot more to be found. It is in an area where there are reduced environmental objection, just south of the Military testing grounds over the Salt Flats.

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Hugh Cleland, CFA Iberian Minerals Corporation IZN-X HOLD May 24, 2007

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