Ann: 170m of Cu Sulphide Intersected - Extending Mineralisation, page-16

the first resource will not be 100MT. no way. they have barely plugged any holes into the ground.

the performance rights is a good guide on what the expect.

Lana Corina has the potential to be 50MT-100MT but they need an extensive drilling campaign to hit that.

To achieve what they plan to do they for all 2023 they need to raise a minimum $10mil. In the normal situation CPO would be valued at $30-40Mil Easy and able to raise at least $8-10mil. & they would still be considered cheap for the quality asset.

The major structural problem at the moment is that they are a pissy $7mil company that was barely able to raise $1mil and the SP is below the entitlement offer so it is going to fail. they might aswell cancel it.

The only way to address the structural issue is to find a cornerstone for the next raise. Raise enough for all 2023 at a premium and send a statement out to the market that they are serious and not here to rug investors.

If they can do the above and only when they do the above is the time to back up the truck and go hard CPO. Until then nothing is going to move the needle.









If any other explorer releases thick wide intercepts like this i.e. CNB they'd be valued at $80mil+. So i suggest they address the issue now.