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: bad news. They must have missed hole 4.

bad news. They must have missed hole 4.

posted on Sep 18, 2008 02:04PM

That they are drilling hole five, and hushed about hole 4 visuals implies that hole 4 had same disappointing results as first 3 holes. I suppose P. Smith is being considerate to the longers by not reporting bad results. It's so horrible to see a valueless hole in your portfolio. So that's a miss by NOT's holes and by our four holes. Better luck on hole 5.

Looks lousy, but it's still early in the game. We should have realistically expected a 40 hole plan before finding something. That's a more typical drilling plan. The fact that P. Smith didn't budget for a larger schedule, demonstrates why he has, up to this point, been unsuccessful in all of his drilling projects. Realistically, who has he made money for yet? anyone? Still I have faith in his character, so I hold on -with white knuckles.

Hopefully FWR will hit for us and get our drills up to the north. I suspect that's our last hope.

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