Ann: Limon large mineralised system, multiple high-grade clusters, page-37

Hi @jdpc35 - your capex and opex numbers are interesting but at best guesswork. While I broadly agree with this scenario, the thing that sticks out like dogs balls is potential dilution of shareholders that have supported the company to date. We have backed management and accepted significant risk. If management don’t get the share price up materially then evolving into a producer will simply enrich management and shareholders will get screwed. I want Limon proven up and valued added - and then sold for a good number. Sale proceeds can then be applied to a development at El Palmar. I am really sick of companies that pay management way too much to spend my money and who do not deliver significant gains for shareholders like me that have provided risk capital. Patrick is on notice to get the share price fixed. If he can’t, then it will be time to cut losses. I am not yet convinced that he actually gets it! Employees and shareholders play different roles and we need each other - but when one side wins via salaries, bonuses and performance shares while shareholders suffer never ending dilution and flat or falling share price, there won’t be a happy ending. This is my first warning………