Massive Black Horse Chromite Discovery

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

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Message: "Through clerical misadventure" ??

Or else it was a clever way of releasing news twice to increase exposure in the markets.

I've got to admit, that one extra hole added a fair amount to the inferred size, an extra two and a half million tons and an increase of 1.3% in grade. That's not insignificant.

I doubt we'll see an increase in SP over 5 cents in the near future based solely upon retail purchases. There seem to be a lot of shares on the ask at that level. But I think that shareholder buying should keep a bit of support between 4.5 and 5.0. In the meantime, we will continue to wait to see if anything comes of the easement hearing this year.

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