Share price predictions, page-15

Inca is a bold explorer, I don’t know any of similar size chasing such a large program. The only issue I have is what does Inca do post program if we have multiple hits. It goes from being a straight forward one hole per prospect to a vast multiple to follow up. Do we deal with a major and say give them 70-80% if they fully fund appraisal drilling and resource definition all the way to an investment decision. It’s an interesting position to be in if this occurs as we still have our Australian assets to follow up on.

I would love to be a fly on the wall on any negotiation of this type. But I would say that very quickly a good hit in a skarn or porphyry could easily result in a hole being extended to 1km as I doubt they would want to finish in mineralisation. There are quite a few deposits where some intercept go >1.5km.