Ann: Promising Heap Leach Results from Sulphur Springs, page-6

Interesting announcement, not sure how I feel about all this Jetosea stuff. There are already 170 million options to be converted, some of which are already in the money and some which won't be in the money until 10c. My concern is that with 590 million SOI already, by the time these options potentially get converted + the 60 million that we're just throwing at Jetosea as part of the next equity placement to say thanks for extending the loan, this puts us at 820 million SOI. What happens if old mate Charles just converts all his options when they're in the money and dumps them for an easy profit and the rest of us peasant retail holders get nothing for our money because the price is forced down? Perhaps there's a takeover coming and the company has no intention of actually having to pay back the loan to Jetosea at all while half these options are out of the money and it's a win for everyone?

Don't get me wrong I definitely like what this company is doing with all the leaching, processing hub, scoping studies and bullish copper market but I just worry sometimes Geoff might be playing a dangerous game here with all this dilution and forgetting about us retail holders who kept this company afloat when the shareprice was a 1.7c not too long ago.