Ann: Inca de Oro Copper Gold Project , page-2

Looks pretty good to me:
1) Strategic - could lead to further assets in Chile
2) Recent discovery - being one of Codelco's more recent discoveries presumably leaves more potential for unrecognised upside
) Price - we are only paying USD23mm for past work, ie for 60% of the deposit

Us loaning money - well how times change, but that will be sometime down the track no doubt.

I guess that we look to be carrying PAM for 10% might be a slight negative, but pretty trivial.

Only upside possible, so little committed.

I guess we"ll have to wait for the PFS results next Q for any capex/opex guidance.

EL