trf orinoco gold interest , page-4

Hi Arch Stanton

I doubt there will be any Capital raising for a while. Last Quarterly Activities Report reported a few weeks ago a very healthy $3.8 million in the Bank. Remember this is very high coarse grade gold which can be blasted dug out of these old artisanal workings and in operation fairly quickly. The advantage of artisanal underground workings can be operational with low cost small-scale processing plants. Any CR raising in the future maybe done at future priced-in Premium prices SP prices. Believe me there is plenty of news to follow in the next weeks and the likely higher upside movement in the Spot Gold Price will be just one of them in the next days.



Arlberg1