Ann: Second rig sent to Ceibal, page-29

It won't take long to accumulate the 10 million ozs total target for Quinchia, that's been thrown out there before.

If making money involves seeing what the rest of the market doesn't then my guess is Ceibal and Tes South will make up the bulk of the porphyry ozs.

Tes West (as it's now been designated across the fault is a wild card- for them to call it a separate portion of the Tes structure should raise some eyebrows in a positive way) and add in the Miraflores higher grade plus the other couple of deposits then we're looking down the barrel of the 10 million circa level.

Just need to drill that up as quick as possible, get some compliant numbers out there then move onto the next level with the expanded geological understanding on the regional level from all the extra drilling, raise at higher prices then go on to see how much more upside there is in the Quinchia district.

We'll have a target on us at that point, apply a discount valuation per oz for Colombia but it's still going to be multiples of current MC.

Colombia, very pro mining unlike some of our southern neighbours with their new tax regimes and coming out of it's mining hiatus after many decades, will dictate the need for hard currency and gold is as hard a currency as it gets.