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: Financing Done, Onwards and Upwards

Yup. I really thought and hoped that the financing would have followed and be related to the release of the result of the Magpie ore testing done in China. Originally scheduled for release the end of Nov, it was postponed until January. I saw an off take agreement as the basis for this next financing. Instead, we pretty much gave a cash pay off, imo, and with warrants at 20 cents until 2017, come on. Saw a number of flow thru and warrant pps this week and none extended warrant expiry beyond 24 months like FNC. Hard to imagine that there is any risk associated with it. This was a chance for mgmt. to effect change and perception, move forward. Not even close, it seems more of an 'in your face', a slap. Dissapointed.

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