Ann: Quarterly Activities Report, page-16

Why sub $10mill MC u ask. It's a cute bub but not even a toddler yet, their drilling 1000met here and there, no indication of volumes just yet, grades aren't too bad, actually pretty good but it's MC is as much if not high.

It's about 100kil of drilling to go and $200mill short of it's PFS stage, so that speaks volumes.

It's tight with SOI, an upside, but their exploration, staffing and compounding mining challenges has to grow along with mutiple CRs and and we all know what that means, about 5 x more shares will be issued. If it were on Australian soil it would be 10c but everything offshore is undervalued and crewed over in the ASX market with trust issues.

It's copper ASX neighbour has been at it for 12 years, $300mill, 120kilomtres of drilling, has 800mt inferred cu au ag and yet a year off its PFS and about the same SP, albeit 20x more SOI. As of last July raised $15mill non dilutive by selling offtake of 1% of its future cu mine BUT....(and here's the kicker for CPO holders who think they are just around the corner for a rocket), they just raised another $30mill, issued 40% more shares to see them through for 18mths, but still 4 years from production stage.

Yes I will buy CPO in the next few years if they keep drilling and get an idea of IGV but there is no rush to commit for me yet.