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: On Second Thought

Perhaps the change is nothing more than a change in wording to account for some technical reason the purchase of the 0.5% NSR buyback waver is better accounted for as a cash transaction.

From a business point-of-view, one possibility compared to another, of course, makes a difference.

However, from the perspective of totaling up our confirmed monetary undervaluation, it does not matter. If you’re missing the $3 million in cash for the additional 10 million shares, you’re also missing the $3 million in added Market Capitalization those additional 10 million shares represent.

I will follow this message with another detailing our Stock Holdings and Cash in the Bank being irrationally appraised by the market as being worth Negative $7.5 Million. Whether we issue those additional 10 million shares or not does not change the negative appraisal.

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