Ann: Chairman's Update - August 2022, page-24

Barry.

Believe me when I say that NOTHING is ever a sure thing with Inca.
I have been here too long to ever think that.

However we cannot compare the NT with Peru.

We have a change of management after the previous management spent millions of dollars to achieve nothing. The number of money raisings and programs that ran out of funds, and needed more money raised, was disheartening to say the least.
Peru is now a cesspit of socialist corruption under Chinese influence, but not only now, it has always been under corrupt government which is why it is still a backwater.

People on here talk about S32 walking away from Peru and our partnership, but they don't seem to know the real reason why they did that.
People try to make out that S32 did not like what they saw.
Poppycock! They became in need of money for a major project they had and cut back on everything that was unnecessary in order to save money. It was not only our project that was cut back or cancelled.

Australia only has a few of the problems that Peru has but our governments we are working on stuffing it up here as well.
We need to get going as soon a possible before that happens.

FTFC & P

Lockitt