Ann: Inca Secures Buyer for Peru Assets, page-23

Allens.

My understanding is that we would have to pay the people on the ground who have been on standby over there and we cannot simply walk away from it. The costs involved in termination for them is considerable.

I am not talking about drilling over there as that would ad even more cost.

Anyway, contact management and ask them what it would cost to continue as we have been, let alone ramping up our involvement with drilling.

I think you will find the savings are considerably more than $2 and that my figures are generally accurate.

Lockitt