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: Something Wicked this way comes...?

A Stockhouse poster has suggested that something is brewing , given the barrage of insider buying as of late.

I wouldn't be so certain that anything is brewing here in the immediate future. Pending release of materially significant information would preclude the recent insider activity that we have seen. It is possible that management may have been given a friendly heads up that a large shareholder (and most here are assuming that it is/was Marquest ) was about to liquidate their position. It would in fact have been mutually beneficial for them to do so.

In any event, this recent dump gave the new directors (those as of October 2013) a great
opportunity to assume large positions without having to effectively increase the SP significantly, or to otherwise wait an anticipated one or two years (hopefully sooner) for their options to be in the black. . Great for them, but also beneficial for us, assuming that those shares are in now in strong hands.

Many retail (myself included) likely bolstered their own holdings under the assumption that Marquest has finally left the building. Good riddance if they have in fact!! Their presence has been a dead weight around FNCs' neck. Perhaps some mutual funds or other institutions have also decided to establish or bolster positions as well, under the assumption that Marquest is out of the picture. Smart buying nevertheless, during the proverbial "go away in May period" preceding the summer doldrums.

One has to believe that we will finally receive some long-awaited update regarding Magpie, over the next 2-3 months. Such news would obviously garner more attention/SP appreciation during a fall release.

By the way, I never did hear back from our IR spokesperson regarding the absence of a Corporate Presentation on our website. Per the last MD and A (as of April 1st, 2014):
"Under the terms of the engagement, Michael D’Amico is being paid $4,500 per month."

Cheers,
Luker

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