News: ICG Inca Minerals Says To Cease Operations In Peru, page-14

Allens.

With our current situation it is too risky to bet the whole company on Peru, and that is what we would need to do.
You need to play the game there which is basically illegal but it is what is needed.
Do we want to play that game?

We would get screwed over every time by the big boys who know we are destitute.
They could just have things held up while we bled money.
I have always suspected that that is what happened when we were waiting for permits.

We had the perfect situation with S32 but along came covid and we were stuffed.
That's life but we have to be realistic.

The previous management were hopeless at getting things done over there, absolutely bloody hopeless!
All that time and money and most of the time we could not even get permits to drill in respectable time.

In my opinion, RB had no push in him at all and no confidence in his own ability to get what was needed, and now it is too late.
Move on!

Requeza probably does have the goods, but where are they pray tell?
That is the bloody question and we don't have the finances to find out.

If we did find them we would probably get screwed over by the crooked Peruviam Government and the Chinese just like in Mayanmar.

I too had great hope for Peru but it is over now. Move on.

Lockitt