Ann: Inca Agrees US$9 Million Earn-in Amount, page-96

Grub,  How do we get to 20c - that's 25 bags from here?

That's a $mill if you hold 5 mil (heads + oppies)  - that's about $6 mill each for Byron, Terry and Ross - just from memory of posts and Top 20 lists.

1. Lets tell S32 to nick off - by far our best asset is the Geoteck Research and the Independent Report over the Greater Riqueza area.
So instead of doing MinyMax [ a phylosiphy in Game Theory which says "minimise your maximum loss and maximise your minimum gain"] - lets maximise our best asset and drill the P1 targets ourselves - the SH group found $500,000 when 2018 was looking very unpleasant and the best thinkers were going into cash!  so I think that money is a start for a hole or two, and there could be follow up.
There is precedent - recall when SIR was down to it's last pennies and it threw the dice once more and made the first intercept on Nova Bollinger [now known to be a huge Ni asset]

2. Keep working with S32 to accept terms, and play their game.  We have assigned our best asset, for the benefit of "minimising our maximum loss" (derisking)  - and now with current cash and raisings we have to replace it.
Seems clear that we fly Cerro - if there are P1 targets there (my guess) then we are in business to develop ours 100%

2a. Cerro duds out, but S32 has done well then things should be smooth. The world economy will be booming (even if OZ is a bit down on housing market and it's huge personal debt) so we go to Timor, or to whatever else Ross has found for us.

Will Plan 1 or Plan 2 or 2a make it?   Well that is for holders to decide - lots of alpacas would say yes, - but now is a great time to tear up your ICG assessments and DYOR again from scratch.