Ann: District-Scale Porphyry Cluster Potential at La Verde, page-20

HCH has a decent project at Costa Fuego, but ts not tier 1 as it needs more CU equiv production per year and longer mine life.

The company is clearly looking towards La Verde to bringing in the additional tonnage and for me is the right way to go. The possibility is there especially as the area was previously mined and where there is smoke there is fire.

the further attractions of La Verde are pushing out the block cave in order to maximise NPV and also to do away with the lowest economical grades at Productora, Cortadora which will bring up the average total grade which i would like to see above 0.5%

Many will cry again about dilution and to be honest if you don't like to accept this, then explorers and junior miners are not your cup of tea and you should invest elsewhere. I see it simply as follows

0.5% of $100 million market cap is $0.5 million
0.3% of $500 million is $1.5 million
0.15% of $2 billion is $3 million

This is not the dilution i expect from here, i see much less. It is just an example. Cap raise is terrible if it is done and the money goes down a black hole but that for sure has not been the case with the cap raise done last year. Very much needed to bring the PFS which is the basis that the company can now talk to partners for a good buy in value and or finance providers

The price comes down after cap raise so one could always buy a little more and with these type of investments you can always keep some spare cash aside for that. This is what i have been doing and limiting the dilution

If this risk is not worth the reward, then this is not your space