Ann: Results of Meeting, page-13

Adam
Thanks for your comments.
The program for drilling is outlined in the previous Announcements of 11 holes in the NE section where the Antamina proclaimed type deposit sits. So 5520 meters was touted and 11 strategically positioned holes chosen by our Geo Team with consultants recommendations and some of our teams input.
So we have 11 goes in that area as first cab off the rank to an average depth of 501 meters as stated.
That is a fairly good drill program for starters and costing at US$ 250 a meter completed with Analysis is
US$1,380,000 x .7 AUD = AUD $ 1,971,000 so we need to raise money.
100M shares @ 5 cents is AUD $ 5M before costs that should keep it all running.
So hopefully if the share price can be stabilized at 6 cents or better then not to much dilution moving forward reducing total number of shares in register to hopefully under 300M and we still own 100%.
So we need news to keep the price above 6 cents so a raise with a 20% discount doesn't break 5 cents a share. The less dilution the better at this stage. Extremely good news flow in coming month followed by a CR to fund drilling has been my take away for awhile.

Lets see where the 3 Amigos take us in the coming months news flow.

If this all happens and good grades are reported and we still own 100% in-house prior to a JV we are all in a much better place than the previous JV which we were only holding 40% of at time. We will have a much better bargaining tool or even a salable project. But I would rather see it go to a JV and drilled out due the number of other targets. Unless a massive ore body is stuck in the NE area then it will be picked off like a sitting duck.

Cheers Alpacas . Good luck.