Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: friday evening thoughts (@$%^&*()^%&&$$$####!!!)

Cylinder, I don't mean to tick you off. I like your posts. I'm just saying, if it isn't worthless, then all the stocks with chromite should have shot up. They did not, therefore worthless to our stock for a year or so. Lets put it this way, I truely believe Peter Smith would be disappointed if all we had was that stuff. For those who call him, ask him to see if he has an ounce of excitement about chromite. Could he hang his hat and negotiate a decent buyout if that's all we had? Before I was looking for lots of multiples, now I'm hoping for one or two multiples, and chromite won't even get us that -even with a well-negotiated multi-jv buyout.

However, supposing we found what FWR/SPQ/NOT found. What estimate would you give our stock at an end-deal (titanium/Magpie aside)?

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