Low MC shell with 3 projects and strong upside., page-4

A few points I would add to the foregoing:

1. Lambarson Canyon which is to be drilled next strikes me as the most prospective ground in the Nevada projects - it is surrounded by multi-million ounce mines in true elephant country, and the drill targets are now supported by geophysics

2. Current drilling activities are already funded as OAR paid US$200k to Alpine already, which will be fully applied towards drilling and exploration

3. Good deal structure for the acquisition of the Nevada projects in that OAR is purely funding drilling and exploration. The vendors don’t get anything until there is a resource estimate, and at that point they are issued shares in OAR (as opposed to being paid cash)