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: What are we expecting for now?

I'm expecting the Magpie PP is to be closed by the end of this week. Debra and Peter have meetings with each agent in early week and they find the status, take the recommendations, and decide whether to proceed with the financing if PP not filled in.

I believe Peter will release at least one of assay results from either McFlauld's lake or Beauce by mid May. For deep holes, it took time to replace/and put on a new bit at a depth below 1,100 metres. Drilling productivity is down as well (about 30-100 metres per day).

Peter is not going to release any visual info till then. Period. Any Ni findings according to Peter's theory is a terrific news for mining possibility due to economic reasons (Chromite plus NI in one location). In the mean time, shorting, penny flipping besides Anon's dumping activities will continue.

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May 02, 2011 01:40PM
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