There are so many contradictory things management have done in regards to supporting the share price and I believe this was fully intentional. Even inconsistencies are found in the initial referrences to trenching, where it says most of the initial trenching was done around Zona Este and Zona Central, while in fact satelite images show that most of the initial trenching was done in the North East quadrant of the property, a kilometer or more from these Zones.

The very presentation of the trenching results are inconclusive and a violation of NI 43-101, so much as, there is not enough information released for investors to discern and certainly as presented, nothing to put in a tech report, because the valuable information missing that would be put in a tech report, would leave management in yet another violation, withholding material results, lol.

Bow and I did some rough measurements/calculations of the rock waste piles on the surface, these measurements pretty well coincided with the tonnage delivered to Dynacors mill, meaning that the tonnage reported as being mined BEFORE 2011, is correct and consistent with historic data. Also, there are several indicators that suggest to me that the grades of the tonnage sent to Dynacor was much higher than reported. One reason I say this is because Dynacor WAS/IS fined by the Peruvian government for back taxes on gold. When you look at Dynacors past financials, I don,t see room for the gold that the Peruvian government suggests tax is owing on, therefore, I am led to believe that Dynacor DID NOT report this gold, and if the government found records for this much gold NOT reported, what are the actual numbers?

WITHOUT PREJUDICE

Rick