Ann: Update on Hammer Mill 3 Commissioning, page-81

Pretty much what I expected, middle of the road, would have liked to have seen more gold recovered, but I am not the one on site trying to deal with it all, so some is better than zero, good luck Richard, better you than me. I think that is the only negative in the report, the lack of gold being produced to date, but remember what the last bunch managed to produce,,..

This proves that the concept works, the rest can, will and has been sorted. A couple of points that have not had much discussion and I think is worth remembering, is that any business is more than about how much money it can generate, it also must keep spending, or in our case AISC, as low as it can. Management has done a great job in this area, so when the oz do start to flow, in May, we will not need to many oz to keep the doors open, the rest will be profit to use in the expansion that is coming in the months ahead. If people can not see that this is just the beginning, that we should have had two years ago, then I am sorry.

The other point is that Orinoco is not all about Cascavel, Cascavel will be our cash cow to fund the exploration and to prove up more gold. From today update..

"Drilling at Sertão (25 kilometres south of Cascavel) is likely to commence in late May. Work at Sertão will focus on both the in-pit optimisation study and down dip mineralisation. Management is currently assessing the option to restart Sertão in the existing pit alongside the potential Antenna restart. More work, drilling and permitting is needed before a decision is made on these two potentially exciting open pittable restart projects."

This is what Orinoco is about for me in the near future, ready to go mines that Troy walked away from. I hope the company can bring both or at least one of these pits back to life buy the end of the year.