Ann: MACA receives Letter of Intent from Avanco, page-13

the HOW is on paper and in the plan
the WHO are being recruited as we speak
the WHAT is (increasing as we progress)
The WHERE is the Carajas and Para state and elsewhere in Brazil
WHEN..........it has started already

As far as I can make out...............it appears to be all coming together and as Phil stated its only the execution now that keeps us in the speculative category................mid 2016 and we are surely no longer speculative