Ann: Jaguar Central Outstanding Intercept, page-20

I'm curious as to what everyone thinks will be the outcome of the drilling campaign as it relates to the resource update and scoping study? Frankly, I have always seen it as a resource definition exercise over doubling our resources. moving tonnes from inferred into measured. Increasing the confidence in the tonnes not so much adding them. This would then allow for the scoping study to consider far more material in its yearly output consideration and mine life.

I do think we will add some tonnes (10-15% would be nice) and we should increase the grade(10-20% would be ideal). But the fact is with 500,000 tonnes in the ground we have between $7-8 billion USD worth of metal. To increase the value of this you want to mine as much of this as you can as quickly as you can.

Interested in hearing from some of the locals.