Ann: Local Community Grants Access to Apurimac , page-5

re: Ann: Local Community Grants Access to Apu... Hi K8. yes they do but it's a % of fe content that matters. for example a company that has 900mt of resource at 30% fe is only 270mt of actual iron ore content. A company with 600mt of resource at 50% fe has 300mt of iron ore and much better quality. this is what Strike has. better quality which is a premium.

If Strike and Cuervo were to combine they would actually have about an 'actual quantity' of 360mt of iron ore. It's this actual quantity and the quality that really matters.

When Strike says they are trying to reach a quantity of 500mt this is what they are referring too. this is when the project becomes 'viable' in respect to someone spending almost or over $3b to get the project off the ground.

if they combine with Cuervo not a problem. +++++++++ etc. my fingers are crossed!