Ann: Proposed issue of securities - MEI, page-11

The "smoke" of a porphyry system is far more encouraging than plenty of projects Majors buy into (though I still have a problem with the age of the rocks there as far as potential for large porphyries go). That being said, a major getting in doesn't inherently make the project better or worse. I've just seen plenty of $ spent on much bigger dogs, frequently... the porphyry story here is kinda par for the course. But really, my perception of porphyries are different to many here, being a geo. they tend to be realised over 30-60 holes (if anything there at all) not hit/missed in one early drill hole unless you're very lucky. So again, not pumping it. Just Sayin, a few holes, hit some phyllic alterations, bit of Bornite/chalco/molybdenite the offer major 51% then more to spud another $15M of holes is pretty bog standard. If mineraliseation was hit, pumping to a major would be idiotic. the only reason to even have a conversation is because there was a whiff of smoke, not a hit. Again, nothing amazing but the idea it's such a turd that no major would even consider having a crack is not correct. BUT a major having a ping does not make the "asset" any more or less valuable becuase as of right now, there is no asset, only hopes, dreams and "potential"

Agree with the previous post, the $ raised can't do much more than keep the lights on. wont pay for any substantial activities in the next field season... maybe shooting to push the price up a little with some fluff around scoping results before a larger cap raise in the new year?