Chart, page-1095

Maybe I am showing my ignorance but I am really puzzled by the significant amount of Moly shown in the cores.

From my limited research it appears that moly % in porphyry deposits is very low grade (eg less than 0.1%) and contain only small amounts of moly resources. The cores suggest that moly is high grade (eg 1%) and extents most of the 600m implying it maybe a significant resource which from what I have read IS VERY UNUSAL. But it is only one hole.

I note Dr Carvalho's comments in the announcement which states:

"Our discovery, 400km to the west of the above mentioned project, IS CHANGING EXPLORATION IDEAS ALONG THE ENTIRE BELT."

Not sure what the highlighted part of this means but the context implies he is talking about the porphyry. He also states:

"We do not know how big it is and what average grade it will deliver, but initial signs are that it strong and large." I interpret strong to mean high grade.

I generally find all this puzzling since it looks very encouraging but the SP reaction implies it is not ie suggests I misinterpreting the details in the announcements.

I am interested in other views and happy to be corrected if I am incorrect.