I am gonna scale your anomalies BOW ,by 80% at .3 g/t. I don,t like to do this, because I don,t believe the Quantec is designed to show explorers targets that are 5 times their actual size. It just is not logical whereas the whole concept of using geophysics is to zero in on your targets. These targets have to be refined to the most accurate picture that can be achieved, so I believe we can trust their sizes within 5%. These targets are designed to cut down drilling costs considerably and would not serve the purpose if they showed targets that were not there, or exaggerated the sizes many times.

That still gives me close to 2 million ounces in an area where we have no known veins to date. This could be added to Gluckensteins estimate 2 years ago of over 2 million ounces in known veins then. Add a couple more million ounces for Vilcoro and Cueva Blanca, and another 1 million for all the new Peruvian properties, well, you are getting close to a possible 7 million ounces not even counting the big anomaly, IMO.

You guys be your own judges, but for our sp to be sitting at what it is, it looks severly undervalued to me. But then again, nothing seems to make sense in these markets as of late.

IMO