brazil and peru, page-14

Woody - not directing at you. General observation to share price and lack of interest from market, albeit another positive announcement.

Instead of the market reading the announcment for what it factually provides, they only look at one item such as a net reduction. They don't look at what is included / excluded in the report to enable an apples to apples comparison. Hence you end up with a "perception" from an announcment as opposed to a "value" interpretation.

Over the last month we have had successes on all fronts and yet our price still sits in the $5's. Easy at times to get frustrated with this, but sometimes you have to do the math, look at the value equation and assess whether there is a disconnect between sentiment and value.