Ann: INCA RECEIVES SOUTH32 EARN-IN OPTION EXERCISE NOTICE, page-33

Uncertainty atm a fair point Zen. Especially given Inca's boom and bust past and continued negative sentiment of late (not to mention cash burn trying to stitch major deals and offer free option sweeteners to existing SHs).

I also get that many of us are psychologically scarred and/or beaten and may interpret any neutral or negative sentiment as an epic fail in light of our past. Basically, running on fumes trying to find the needle in a haystack, has come at a huge cost... until now!

Fact is, as often said, only 1% of juniors become majors. No doubt we're in a risky business (or as you often say 'casino' business). Today, however, I believe we took another major step forward when our $10mill MC company attracted a further $8-10mill in exploration. To quote the good doc today:

"Nearly $A14 million over a four year period for only 60% of the project, and of course the option to move to 70% if S32 fully fund a Preliminary Feasibility Study (PFS). This deal is pretty impressive when you remember that S32 only paid Ausquest $4 million to get 70% of their project"

Our passionate and perserving company is punching well above its weight and our failures (it pains me to say) are just important as our successes... and I'm talking as a post-Chanape investor!

Talk about INCA resilience, grit and the growth mindset... check out the TED talk below.

btw In mental health, I'm continually amazed by how resilient people get up each time, dust themselves off and move forward. These are the same resilient qualities I've seen in our leadership team despite all the obstacles over time... and we've seen a few.

At the very least, we're on track for a better AGM compared to last year! Poet.

https:gritty.ted.com/talks/angela_lee_duckworth_grit_the_power_of_passion_and_perseverance#t-354689