Merry Alpacamas, page-11

Happy birthday mate! Hope the day fairs well for you

Inca can progress, they don’t need another capital raise as there is plenty of cash available to drill both projects.. and the structure of the options means more cash is available at specific target dates.. however the clock is ticking..

I see your point and it has merit, but why sell the Peru project now? Even with some sovereign risk (brown paper bags or otherwise) I feel it would be too early, I’d rather see what’s in the ground first.. prove up a resource then see who comes knocking on the door..

Anglo and BHP are in the vicinity for a reason..

I’d like to see it play out where both Peru and Australia projects are drilling simultaneously, that way we have a number of options depending on the results..