Ann: Sipa Annual Report , page-2

Only just started reading the report. Already it has become obvious that we will soon ( next 2 - 6 months is my guess ) be seeing a capital raising.

I quote from Page 3
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Clearly, what is required at Enigma and Leucippus is:

• a large programme of RC, and diamond,
drilling at Enigma, to:define the lateral extent and thickness of the secondary copper

– find the primary sulphide source

• more RAB drilling to define the extent of
Leucippus, prior to deeper RC drilling

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Looks like the boys are gearing up for a big program of expensive drilling. That is certainly going to require a lot more bucks than we currently have in the kitty.

Still no mention though we drilling is likely to start. A program like they are talking of would no doubt require extensive planning.