Novo - Purdys Reward, page-24

The RIO results from the Patterson range are published in detail in the news release .It has taken 2-3 years(target identification started in 2016 per the release)to get to this point .Nearly every hole shows a combination of low grade copper (0.4-1%)low grade gold (0.4-1 gram per ton) and silver (less than 1 oz per ton).They are upgrading the access “track” and putting in a small gravel airstrip for emergency reasons .Drilling resumed in January.From the point of view of artemis ,it is apparent that it has taken time and a lot of money from RIO to get to this point .This potential deposit is not the mother lode and clearly to get to a mine (if that ever happens)will take a long time and a huge amount of money.In my opinion it is totally stupid for ARV to waste its scarce resources on their Patterson range property.They should investigate a jv with a bigger deep pockets company and retain a free carried interest or royalty .Maybe in 10 years it might be worth something .It is just yet another indication of ARVS prior managements ADD (attention deficit disorder).Hopefully in view of what has happened ,this will all stop and they focus on a couple of projects with near term cash flow potential .Its the only hope .