Ann: Quarterly Activities Report, page-77

And you forgot the that MC has gone up almost another 10 million , and yet the SP is still stuck and cannot break 1.5 cents. Like I said mate , it's not a ' conspiracy ' as you say but more a product of the Math behind the structural changes to the distribution of the register , and how this will undoubtedly play the more dominant role in where they will or won't allow the SP to travel. You speak of Jambreiro being a success with the news of a more or less 6 month delay.

I have a separate view on this which I will reserve for another post , however from a Market perception perspective , this is just more of the same customary delays from this management . So in my view the ' on the surface ' perception regarding Jambreiro is a Net negative overhanging the stock.

The reality is that the SP has not gone up for some and particular those who we want to be Buying at the 1.5 cent levels now. So in actual fact the SP is in relative terms lower than it previous high's achieved in recent times since early 2018 .

I don't buy into what you are suggesting with Itty either . This is just a reflection of more complacency from Management not seemingly being able to call Simulus out and saying lets get this moving or you're out. Because , it's either a project or not. Perhaps the real reason is that they simply do not want to advise the Markets at this time that it is in actual fact a massive failure.

My final comments would be that both your and I , and the rest of us in this game know perfectly well that $10 million does not last you very long at this end of the Industry. So common man ...every dollar from now until the OC's expire will be critical for this Company's development . Because after the OC's are gone - there is most likely never going to be Company Traded Options available for this stock. These are my opinions only and not intended to advise others in any way. As I said , I would like to be proven wrong , however these are my principle reasons for not flagging CTM with a current BUY sentiment. You are free to do what you like and I respect your views irrespective of our differing opinions.