Ann: Cerro Padilla-1 Update, page-24

Now that we are underway???

We are not underway and will not be for at least a week.

If drilling continues at this pace we will not finish the first hole...which was never gonna be a gusher...in time for option conversion.

So if they do find something, no doubt just after options lapse, the sp will be many multiples of 4c and they can raise capital then, significantly lessening dilution for the Directors who hold 45%. Pretty obvious isn't it?

See you next Monday when I expect another excuse to be delivered.