d & c counter offer by 2/10, page-8

Never quite understood why Strike entered a loan deal with D&C/Apurimac. Now another one with Cuervo.

What has the Apurimac money been spent on? Not a great deal of drilling in past two or three years. Wonder where the money trail ends.

Also what the role of Gallagher has been all the way through after funding the company around $2.50 per share from memory. They could pick up the project for a small outlay by taking over Strike.

Will the Russians or Chinese find the resource attractive with one owner?

Looking beyond landholder issues, current iron ore sentiment, potential buyers may still see long term value in a large resource on sale for $30-$40m.

Also the question of who's selling at the moment and why? Do they know D&C intentions?

Appears a good risk/reward at the moment with news due in one week but doesn't come with a guarantee.

holding av 12