SILVER LINING, page-49

I refer to my previous posting that S32 gave notice of intention to withdraw on 14/5/20 and that will take effect in 60 days time. The final IP and drilling recommendations report is expected by late June. The possibility exists that after final report is released S32 may say OOPS we made a big mistake and change their minds. IF no change of mind and the final report is exciting then other companies may line up for a JV. Common sense tells me that there will not be a JV until after release of report and expiration of the 60 day period. I would be surprised if approaches aren't being made now by the BOD. The latest report prepared by RB and released as First Integrated Results From Riqueza is a comprehensive report. He is currently working on a second report covering the NE area. I suggest SHs re read this report. To me both documents when published, will be a selling tool, in conjunction with the final IP and Drilling targets report, to potential JV partners.
With respect to the posters suggesting the BOD are doing nothing during this period I suggest they are working diligently for the benefit of all SHs.
Drilling permits in Peru require exact co-ordinates be listed on drill permits. ICG awaiting final drilling recommendations report before any target decisions. Peru is in lockdown and the Covid problem maybe affecting the Peruvian public service so it may take months to get a permit. The highest priority (IMO) is to wait until S32 cannot reverse their decision to withdraw from the agreement. Go out and do hard sell to have new JVP. If that strategy fails then do a CR and have a drill campaign. Good results will bring in a JV.
Cheers
Rob