Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Re: MD&A- link enclosed
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Feb 17, 2009 03:35AM

Looks like the exploration going forward will now focus on Cleaver. Langmuir is winding down. Here's two paragraphs that I like.

*The total metal content value of the nickel bearing mineralization for the Langmuir Property has been completed for drill holes LN05-1 to LN08-120 for the North Zone and for drill holes L105-1 to L108-121 for Langmuir No.1 Mine. Inspiration has sent 9,982 pulps (4,249 samples from Langmuir No. 1 and 5,733 samples from Langmuir No. 2 – North Zone) for reassaying of nickel (Ni), copper (Cu), gold (Au), platinum (Pt), palladium (Pd) and specific gravity at Activation Laboratories Ltd. of Ancaster, Ontario. The results have been sent to MICON to be included in the resource calculations.

*At the end of the three-month period ended December 31, 2008, the Company had available working capital of just under $26,000,000. That is a decrease of approximately $11,310,000, or somewhat less than $1,000,000 per month, from that available at the end of the same period in the previous fiscal year. The Company’s exploration expenditures, all of which are discretionary, account for the bulk of that decrease over that time period. That decrease represents an investment. It is expected that working capital to the Company is, and will be, adequate for the Company to continue its operations well into the future.

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