Ann: Quarterly Activities Report June 2021, page-38

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    The 3.1c options do not need to be exercised until the end of 2022 , so probably after Cervantes has been drilled .
    The 4 c options were made to all share holders and expire by the end of this year .
    If they are all exercised MEL would receive $7.3 million , would be enough to pay their share of Cervantes .

    There are a lot of catalysts that could get those options in the money before the end of the year .
 
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