He knows nothing about the 30 days. He said it's 120 days that's it, that's all.

He said that 30 days was regarding the EA and goverment.

He said we have been considered positive using 8% and 10%.

And yes I meant to use tonnes per annum. the 12 % is using 25,000 tonnes per annum.

He also welcomes the AG group to sent their CV to Hector if they want, and laughed.

We fall under point (ii). He said point (i) is a non event since they used 25,000 tpa

Salazar may prepare a report without a written agreement with Teck Cominco as contemplated in §5.5(a) that studies a project of any size selected by Salazar but no smaller than that set out in (i) but in this case Salazar must then, at the same time, study a project of the size set out in (ii).

The report will be considered to be positive if it generates a positive NPV in either of the following two cases: (i) firstly, the report will be considered positive if it indicates that production from the Property would, on a project basis, generate a NPV of at least $1.00 using a discount rate no less than 12% and assuming a mine life of no less than 12 years and copper metal production of at least 25,000 tonnes per annum;

(ii) secondly, the report will be considered positive if it indicates that production from the Property would, on a project basis, generate a NPV of at least $1.00 using a discount rate of 8% assuming a mine life of no less than 15 years and copper metal production of at least 50,000 tonnes per annum;