Ann: February 2021 MD's Letter to Shareholders, page-45

Lumpsum & Poet.

Copper, when I was wandering around the mountains of Peru, Hudbay Constancia Project doing the 13.8kV Medium Voltage reticulation for the dewatering pumps for the open pit mine mentioned above I witness the same terrain and rock type samples displayed years ago in the early Announcements by INCA. This is what drew me to the share, I am not a Geo but what I saw in the earlier Announcements and what I witnessed on the ground looked pretty similar to me so I started off buying a small parcel in INCA .
I followed it and read every Announcement but didn't really go heavy until S32 but also I had realized our next door friends BHP had come on the scene in the area which weighted my considerations.
You have probably read me harping about it over the years, I will amazed if we don't find a commercial ore body of copper in Riqueza also peppered with other Base elements and Silver as shown. The prospect of gold is there also with Pampa Corral area showing Au halo.
I have sat in meeting rooms , site office and board rooms of multiple mine sites during construction and gazed upon drawings / modeling of ore bodies and such to likes OYU TOLGOI / Freeport Mc Moran Irian Jaya/ Sumbawa Indonesia / Martabe Gold & Silver Sumatra / Lihir Gold Papua / Toka Tindung Gold Sulawesi.
What I see being produced by RB & consultants looks very similar in nature to those others but I am not a Geo just a construction electrical superintendent in all of those projects just another Expat. I will be bloody well amazed if this doesn't turn into a substantial find of base & precious metals.

Allens.