Ann: Quarterly Activities Report - June 2024, page-45

BC.

With respect mate, we have seen you change direction regarding just which commodity we should be chasing so many times.
Iron ore, lithium, niobium and gold to mention a few.

What people do not understand is that ICG have no money and cannot chase all these desirable minerals as I am sure many would like the company too.

You blame JW but believe me the previous management, in my opinion, had no idea of costing a program and got the company into a hell of a mess.
As far as Peru was concerned they would come out with an exploration program listing half a dozen targets. Then they would get through maybe one before giving up, no money left I suspect because of wildly inaccurate costings.
We would then never hear why the program had been dropped.

JW is taking a professional approach to try to save the company money by negotiating a deal with the NTH.
Dropping Peru for example will save Inca heaps.
That should be respected by all parties.

A dollar saved is a dollar earned.

Lockitt