Ann: Trading Halt, page-14

Exactly - every investor presentation and almost every release over the past two years have noted that the high-grade mineralization is open in all directions. The existing tenement positions form quite a narrow N-S corridor and there seems to be more than a suggestion that the high-grade deposit may extend E-W along both the Sanchez and Magnata faults. It seems more likely to me that they have negotiated farm-in agreements with the surrounding tenement holders (they may have already accounted for at least some of the required drilling expenditure in the recently announced 30,000m drilling campaign).

Seems a lot of people are upset about the delayed maiden JORC resource, questioning why the Co wouldn't release an initial 'interim' report and upgrade it later as drilling results roll in. I think it is pretty clear that as soon as any JORC resource is released, potential buyers will come a-knockin, such that there is a decent chance that any 'interim' JORC will be the final JORC. The people wanting an interim JORC would no doubt also be the ones criticizing other investors for entertaining an undervalued offer predicated on the interim JORC.