we have done our dough folks, page-44

"SRK does not have a world class resource! YET

Until it is confirmed with drill results."


I can understand your doubts in relation to the size of some of their tenements, however, JORC inferred IO and coal plus older drilling results from Cuzco aren't bad...I'd call it world class. I would think financing issues more the worry...


FROM JUNE ANN

Drilling Programme

The Company has previously outlined a JORC Inferred Resource of 172 million
tonnes grading 62.28% Fe in the Apurimac Project area in Peru. The majority
of this resource is located in the Opaban I concession.

The Company’s geological model suggests that the high grade iron ore
mineralisation in Opaban I extends further to the north and the west within
this concession.

Coal - FROM AUGUST ANN

The JV is pleased to report that its recently completed drilling campaign1 has confirmed the
presence of a JORC Code compliant Inferred Thermal Coal Resource of 4.6 million tonnes of
calorific value 5,800 kcal/kg. The coal has low ash (5.6%), low sulphur (0.64%) and Inherent
Moisture of 14 %.