Ann: Option Secured To Acquire Nickel Sulphide Project From Vale, page-43

I never particularly thought much of Salobo .....and said so numerous times. I always felt we were obviously being strung along .....and it was almost to good to be true. I also recognized the fact that the cost of drilling would have been prohibitive given our funding levels.

Whereas 55,000 meters of existing drilling at say $100 per meter ( conservative for Diamond ) is equal to approximately between $5 and $10 million of inherited drilling results. Maybe not JORC compliant .....but can soon be converted to a JORC resource on shall we say ' minimum ' relative expense....