Ann: High-grade results expand size of Limon, page-44

From my perspective, what is interesting (and the additional holes should confirm) is the strength of the resource in the Central shoot.

Whilst they are targeting a larger resource for Limon, what I am becoming comfortable with is the capacity to define a very nice economic resource with Central that could be run through the development wringer whilst they build out a larger resource across the other targets at Limon. If they could define, say, a circa 800koz resource in Central to a PFS, but knowing that there are additional oz in Limon that require more work to properly define and bring into a resource, that may be enough to get this thing going.

In some ways, this mirrors with some Aussie miners have been able to successfully do. Start with a small resource (enough to have a bankable project), keep working their area and over time an initial small operation just keeps finding additional nearby oz to mine and the operation rolls along. I thinking RMS, etc.

Anyway, just speculation on my behalf, but I am sure that management will be considering all angles. The next holes (particularly 048 to 052) will really show us what Central could be and I suspect that will set-up the game plan from here.

Like the shallow holes at Western, holes 053 and 054 are speculative interpretation tests to the extent of Central and may or may not deliver.