Performance Rights, page-2

This doesn't really answer you question Doniac, but:

According to their April 2016 Investor Update their initial Exploration target was 2.8-32. MT at 15%-25% Zn+Pb for the Plomosas Project. This is a pretty consistent target with older reports I have read from other miners that have looked at and drilled this project.

What I will say about the Class A Performance Rights to be voted on at this upcoming meeting is that the target of 1,200,000 tonnes of mineralisation @ 17% (Zn+Pb) is somewhat smaller than the previous Performance rights target of 2,000,000 tonnes of mineralisation (look at interim financial report half year Dec 2015).

This could mean all sorts of things, but more than likely they are rushing to get a JORC out and it won't be as big as it could be and will be, or the resource is not there and they have lowered the target based on that.

I would say that 1,200,000 tonnes of mineralisation at those grades is more than enough to get this small production going and making money. Its just the ongoing production that they will have to explore in more depth and they are doing that now with the Regional Exploration to target potential areas to drill. I will also refer to Chairman's review in the Annual Report 2016, where Mr Copulos says they are targeting an initial 10 year life for the mine.