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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: Most recent NCIB activity just filed (252.5K in September)
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Whaler,

Was wondering if you could clarify something for me...the total volume of shares traded on September 30 is 175,900.

the ncib for September 30 is 157,500 + 37,500 = 195,000

My confusion is this - how is it that ISM can buy back more shares [in this case ncib 195,000 -total volume of shares 175,000 = 20,000] then total number of shares traded on 30-Sep-09?

TIA,

-B1-

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