Massive Black Horse Chromite Discovery

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

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Message: Time to Wait a While Yet

Well as the time goes on without news folks are losing interest.

In discussions with IR it seems the drills won't start until sometime in November - probably in the latter half of the month. They plan to use the same drills that CLFs is already using on the Freewest site about 1.5km away. Rather than pay for a different crew to go up they will use the same drill team - they will be done thier current work in late October. The boys will want some weeks off to go home - before moving the drills to the Big Daddy site where the 12 holes will be drilled to determine the depth of the mineralization.

At the rate it is going we might get something before Xmas - or we might not. Personally I would have thought there would have been some serious movement forward after the events of the summer to get those drills drilling long before now - that obviously was not the game plan.

So we can expect a slow but steady decline on the stock price - imho - until we get some very earth shattering news. This of course will fall very nicely into CLFs pattern of action - they are very good at what they do!! - simply wait it out - price goes ridiculously low 7-8 cents then a low ball bid comes in. Expect something somewhere around 1-2 cents above the recent high of 12 cents.

You have to hand it to CLFs et al. We will all benefit of course to some degree just not to the extent of our/my "irrational exhubrance".

Patience is indeed a virtue. CLFs nevertheless has the bother of the SPQ matter in a couple of weeks.

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