Ann: Frewena Field Trip Provides IOCG Proof of Concept, page-33

Grub.
Hopefully not as deep as our Tier 1 deposit when shown and the rush starts, I see by the huge commitment by S32 to Trilogy that S32 need Copper or metals moving forward. So much so on recent drop in market I finally entered S32 because they own 70% of Requeza. I thought I might as well get in there also and start to take a small position and add to it when possible. Management must move this along after the Induced Polarization to drilling or those August options won't be worth buying and that will seriously hurt the cash situation going forward. INCA needs the options price of 1.2 cents due there is little in fees and costs to get them and no brokers getting shares for nothing. Tomorrow we have been in this JV 11 months with April 1st not far away and the second years cache of funds for Requeza which should herald commitment by S32 to the market. In the back ground they are lined up for a go at this the reporting of size and types of deposit cant be going unnoticed and if a deposit is touted they will pile in at such a rate we will see this change status quickly. Most of those 0.002 offers will be pulled if a trading holt was announced signaling a economical deposit of metals and look out if gold was mentioned even if it was a mere 1 gram a ton over a few hundred million tons of size and we know there is a 200 million piece of something already.
I would say the moment news of drilling starts the 0.002 line will reduce DRASTICALLY.

So its up to Ross to get this moving along and hasten the drill.



ALLENS.