Ann: Quarterly Activities Report, page-477

Stay the course guys. Many have been on Spq for some time. Don't loose focus and get distracted now.

A material event is right around the corner.

A big porphyry, I believe more than one will derisk bottletree instantly.

We then move from thinking do we have it, to how big is it.

Once they nail structure, they can step out to fund edges.

Not resource drilled at that stage, but we can get a grip on tonnage then.

Cnb, nice results, but no major new discovery to be announced.

Spq have not taken 8 months to work out bottltree if it was small and simple.

Another thing oxides have not been reported, they sit above the water table. Ie where oxygen interacted.

A good place for that is more west and alluvial cover as that was transported there via water, most likely from the east, which has no alluvial cover and has outcroping.

Water and oxygen mix. If bottltree extends west and under alluvial we gave plus 2km long deposit here.

Tonnage I believe will be far greater than 1b tonnes of ore.

This round of assays may lack copper is places, but that is good as it rules out places to not look.

Ie. The path narrows, so next round will be more focused on the copper.

Still the wildcard here is hole 7, the one 750m se and drilled away. Ie to the east.