Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Back to the $.04's?

Really doubt it.

Anything is possible of course, but the real SP rise began after the Throne Speech; that commitment by the government is still there. and likely more announcements will be made after the ROF Coordinator is in place. Winning the North will be important for this Government and that is why showing some progress on the development of the ROF will become increasing important...especially as the elections draw nearer.

It is helpful to keep the big picture in mind rather than reacting to the SP on a daily basis...the big picture is ownership of a valuable resource that has attracted the attention of Cliffs and the Provincial Government

We are at the beginning of a process, there will be volatility.

T

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