Previous Exploration - Sierra Morena, page-7

I've only glanced through the past DEG announcements. A few things stick out.

1. They appeared to have had at least three projects on the go in three different countries.
2. Cash was an obvious issue and burn rate - See point 1
3. Due to point 2 - it looks like no serious exploration drilling was done at their SA projects at the time.
4. There was a director on the DEG board at that period which explains a lot of why their projects when nowhere at that time.

Make no mistake, these portfolio of projects in SA are speculative. I, however, think that when Capri is on the registry, they do more due diligence on projects than what I do. Also, I wouldn't be surprised if other projects are being lined up to be farmed in at some point.

My investment here in E2M is more of backing the people behind the company rather than the projects themselves. But that's only me.

Hope that helps.

H