Rick Rule Cordoba Minerals CDB-X COMMENT May 12, 2017

Very high quality exploration target. Understand that exploration is an extremely dangerous game. There is no one he knows that is as good at exploration finance as Robert Friedland. The stock has had a tremendous move, and is a very, very large target. If you own it, use trailing stops.

This has had an amazing move this year. A very big mineralized system and is being explored by Robert Friedland and his own private company.

He likes the exploration results he has seen to date. He really likes the exploration potential. They are in Colombia. Remember that exploration is always speculative.

This is in Northern Colombia. Gives exposure to copper and to Robert Friedland. It has a joint venture with High Power Exploration, Robert Friedland’s exploration arm now in Latin America. They are earning up to 65%. This is basically fully funded to a feasibility study, which could be up to $50-$60 million, so they don’t need to raise a lot of working capital.

His position increased in the recent financing. It is partly influenced by the copper price. They will benefit from exploration success more than commodity price increases. He has been around this team for a long time and likes their track record. They have in excess of $30 Million in cash. Management will not have a problem with cash.

(A Top Pick March 6/17. Down 54%.) A big land package with more of a copper than a gold exposure. In a part of Colombia that could be permitted for open pit mining and he likes the people that were on board. HPX, a private exploration fund, made a big investment in the asset, and funded a project on their portfolio, in terms of a joint venture, to a feasibility study. That changed, and when that happened he became negative on it.