strike moves to 100% of af, page-29

Cuervo resource to come out late Feb, strategic partner process to be finalised, start of drilling at AF

there are lots of potential catalysts, agree it might drift back as there is probably a lot of scepticism about whether the dispute with D&C is gone forever

still think we will see a strategic partner come in sooner rather than later. SRK will want to finalise this before cash gets too low otherwise their hand might be forced into a less favourable deal and as I said before, Rothschild were appointed a long time ago so they would have already sounded out interest.

No doubt China would be interested as there are so many opportunities in Peru outside of mining as well. i.e. infrastructure, agriculture etc, no doubt they would be looking for an entry point