Ann: Riqueza Project, Peru - NE Area October Drilling Update, page-24

It's geo talk guys, not for us humans to bother too much about.

I reckon its mainly to keep Inca alive on the geo desks of the majors nearby - I reckon our management are as keen to get on with East Tennant/East Arunta/MaCaulay Creek as most of us are. But we have to do our utmost to monetize the Peru projects, and keep fingers crossed for a happy strike too.
But my takeaway (has been for a while) is that Peru is a Big Man's game - even Inca with it's warchest cant afford the long hard road which is very likely to yield huge riches eventually. But if after M&A we can keep a 20% free carried interest then that's WOW.

Stay strong Alpacas - this in not BAD news - maybe just NO news. Hole 29 is the key.

Then hopefully drilling to start in NT and then in Peru the mid west region (I think near Alteration Ridge) and the new south east tenements.

GL all, hope for another recovery and don't forget 2200 g/t silver at MaC Creek.