Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: todays s/p

2nd quarter financials should nearly be a carbon copy of Q1. Revenues will be lower due to the drop in nickel prices in late May and going in to June, so this will negatively affect profits, but at this stage of the game, the cash flow is the most important thing. The first bits of pre-production ore from McWatters should be hitting our mill soon, but I'm not sure exactly when and the grade of ore will not have a large impact on revenue.

Hopefully nickel prices recover a bit before McWatters enters full production. If they do, we'll look back at the summer and be glad that we weren't selling full production nickel at these prices!

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