Ann: Proposed issue of securities - AKO, page-9

How economically can the resource be extracted. That’s a pretty important question isn’t it? They tried to get those numbers out late last year if you remember but couldn’t because too much of the resource was inferred. They have then drilled to solve that problem and should release the project financials any time now. If they had drilled the living life out of the resource this year they would have had to raise and dilute us holders at a depressed share price.

My understanding is the timing of the election has delayed some in-country work too as government is concerned about disturbing the population in an election build up.

I agree the delays have been frustrating and I would like to see much faster progress. But I think the scoping study will be very important for existing and new investors to understand just how profitable this resource will be to mine (particularly in the early years).

PAC Partners should have a compelling case to then take to market and try and generate some serious interest in the Company. Here’s hoping anyway.