Ann: Local Community Grants Access to Apurimac , page-8

re: Ann: Local Community Grants Access to Apu...
You are confusing contained iron in the resource for iron ore. Iron ore has a maximum or 69.9% iron.

Current resources

Cuervo
55.6mt indicated and measured @ 46.7% at Orcopura
576.4mt inferred at other Cuzco deposits @ 43.4%

Srk
269.4mt @ 57.3% at apurimac
104.4mt @ 32.6% at Cuzco

Total 1005.8mt @ 46.2% iron or 464.52 mt of contained iron or 673.2mt of concentrate at 69% iron. Assuming 100% recovery and no more ore found.

Enough for 17 years at 40mt pa.