Ann: Sara Alicia returns more Gold and Cobalt, page-33

Hi Mossberg

Thanks for the reply...

The Qtrly released 25 Oct gives $5.975M end of September cash with total estimated outflows this Qtr $1.8M [of which $500K for corporate expenses] ... so the company is saying they will have $4M in cash by the end of this Qtr [eom March]...

By that time drilling of Oposura will be completed... a JORC number will be on its way [mine plan described?], Teck will have announced Alacran results [and maybe we will have some more info on Sara Alicia?]...perhaps they will announce a TSX listing??... lots of reasons for the SP to improve and few reasons for the SP to get any worse.

With $4M in the bank it won't be a desperate raise...

Also another poster made the point that there is some problem for a company with more than 100M soi if they want to attract Nth American investors.... If AZS does raise it will be to fund the decision to mine Oposura... and probably the right time to roadshow the Co to attract new money.. it makes no sense to cruel the SP now, when a matter of 3 months could see it better reflecting the intrinsic value...