Ann: Jambreiro Iron Ore Project - Pre-Feasibility Study Results, page-46

The only other thing I would add @sirhododo , and which may not be clear enough from my last posts is that I too have had my concern's regarding Solobo and the fact that many here have pigeon holed this particular project as being the only aspect of value we have all been waiting on and / or the likelihood of it actually proceeding.

As an Investor in CTM , you would have to realize that CTM is more of a conglomerate play in the spec mining sector. As such ,l I have been saying all along .....it's a bit ' Western MiningESQUE ' in the way it is approaching its projects and evolving. Under these circumstances , we should , and are far better off having ALL 3 or prongs of attack on the minerals sector. Otherwise , we should just sell off Jambreiro and Itapitanga and put all our eggs into that rather high risk ....perhaps high reward play in Solobo.

Now you know I don't believe that , but what I do believe is you have to have a flexible approach to achieving your funding goals on your projects in sometimes a more progressive way. And they have said just that in many of their announcements......so I can assure you I am only here because of the fact we have these 3 avenues of potential growth.

This is how I am in part able to mitigate my market risk on this trade as against when measured up against other alternatives....