Ann: First Drill Hole Started in Brazil, page-102

Given the low cash on hand, if he was not confident and as 90% of micro caps do, they raise cash before the first drill bit hits the ground. AP had that opportunity but has decided to roll the dice and wait for assays, not show detailed visuals of any crystals or more information about the cores.

Now, we can look at it both positively and negatively. If he likes what he sees at Boca, he know's 100% more than the details he has provided shareholders and is relatively confident there maybe a discovery here, hence no need to tap shareholders again.

On the flip side, if he has decided to roll the dice and wait for lab results and if they come back poor, then the shareprice will even lower and he will be forced to raise at historic lows.

Then as he mentioned on 3 separate occasions in the last announcements, there's more deals in the pipeline, so if Boca doesnt turn up anything promising from the first 2-3 holes, then in 4 weeks he will announce another deal.