Ann: Preliminary Assays from El Pilar, Cuba, page-26

here's my theory spanning both 1996/7 and 2016 and specifically regarding Pierre Gauthier companies, including today's Auxico Resources

1996/7

• KWG had the drills in the ground to the tune of $20 million we are led to beleive
• Bre-X happened which tainted the Candian mining industry as Chris Grianger mentioned in the first interview that heard from him
• also during 1996 President Clinton signed into law the Helms-Button Act and soon thereafter went after the Sherritt Executives for operating the Moa Nickel JV, banning them and their families from entering the US borders

So a young mining exec, probably saw the far reaching ways that US was seeking to bully its way around the sanctions and the lengths they were prepared to go to in extending them and thought that maybe one day I might need / want to do business in the US ? and given the impact of Bre-X upon financing at the time it was a decision made easier to walk away ?

2016

• in March 2016 the historic visit by President Obama to Havana to meet with Rual Castro and discuss loosening of the sanctions took place
• in November 2016 and by now Central America Nickel was the main vehicle (as Nickel seemed to be the strategic direction) and they put up the presentation with the historic KWG results, including some considerable possibliity around El Pilar
• also November 2016 was the Presedential election between Trump and Hilary Clinton, if Hilary won she was more likely to continue the groundwork of Presedent Obama with respects to Cuba, but she didn't and Trump "surprised" the establishment and then flipped totally against Cuba again

So again for a Canadian with the possiblity of wanting to do business in the US, maybe not the best political landscape.

coincidentally is was around 2016 when AAU became involved with Cuba and the possibilities of La Demajagua from what I can make too from Panterra Gold Quarterly updates.

2022

• Auxico Resources (CSE:AUAG) (OTS:AUXIF) has progressed and patented UAEx technology and is now forming partnerships in the region which is Central America
• also Pierre has been interviewd saying that his technology could very much contribute towards economically viable rare Earth materials sovereign security and sees options in tapping into the Biden announced funding to secure such resources (here is that doing business in the US aspect)

so just me theory from a whole heap of reading up and watching of CEO Interviews recently.

Helms-Button Act seems to be about America being duped out of Cuban assets that its corprations had funded and operated in Cuba which where nationalised during the revolution. That was a whole interesting read, because there were some sketchy Nickel deals done which one might say took advatage of the Cuban resources by extremely undervaluing them - here's that read

And whilst we're at it, there's another interesting 2021 study about the Central America Nickel industry, which supports the focus and creation of Auxico Resources - here's that read

Also does everyone know that Pierre Gauthier is a venture capitalist and does so under Seed Capital Inc, if not go and read his bio on the Central America Nickel website.

Auxico Reosurces in its own right seems quite interesting to do a deeper dive into, but Central American Nickel owns the UAEx IP, so Auxico generates the revenue and a high % of it goes back to CAN

Just a theory