Mismanagement

When we consider how this company has been managed, one question that really needs to be asked is, what are S32 doing that our management did not do?

" South32 funds US$275,000 (Funding Amount) geophysical survey at Inca’s Greater Riqueza project " ( from the announcement 5th April 2018 )

The question I ask is, why did our management not do this in order to determine the best drilling targets instead of just drilling where they felt something may be lurking?

$275,000 US is not a whole lot of money when it is considered how much we have spent in not finding much. With the exchange rate a whole lot better back when we were scratching around in the dirt, it would have been a very good idea I reckon.

Had we located the targets that S32 are reportedly excited about, then we could have drilled more accurately and, if successful, we would have been in a much better place financially than the one in which we now find ourselves.

As it has turned out, we have had to give away a huge chunk of the company to S32 only to have them do what we should have done in the first place.

The other question I ask is, will management handle the company any better now, than than they have in the past or, will they simply need to come back to shareholders with more requests for money and the prospect of 5 BILLION shares on issue after probably wasting our money on poor drilling decisions?

Lockitt