Ann: Section 708 Notice, page-9

Dr, the company raised $8 mil in November to fund Peru drilling.
Then 180 markets got $2.8million in March with 6% fee and options as a free kicker that we were asked to vote yes on. For drilling in Peru and NT.
Now we are issuing more shares to "sophisticated investors" worth $1.4mil still for exploration in Peru and NT
Plus the funds from the conversion of options.

So the company has around $16mil in the bank and is still issuing shares at a discount.

With so much cash and sophisticated investors throwing money at us i would expect that we would be drilling faster than 1 hole per month.

Why the need for so much cash when the drilling program is very minimal and with 1 drill that drills 20m a day im pretty sure us Alpaca army can use some shovels and get it done faster.
Im happy to self fund my trip and dig