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

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

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Message: Disheartening

Hi Bigbucks

Tough questions.

Will they have enough capital to get to full production?

We have enough capital to get to pre-production and I think it may be tight for full production? I think that may partly depend on what we are getting for the price of Ni and other factors. It is forecast that the price of Ni is going up. I just don't know when and by how much.

Will the investors come back?

I think some investors are waiting on the sidelines. There were those that sold at the highs and all the way down. There was a big turnover when we hit $0.97. Part of that is a personal decision and it depends how they are doing in other investments. I suspect some of them are buying in now but I do not know for sure. The bids are light but bids are coming in from the side lines. I think some will come back when we hit preproduction but who knows.

Is this a sector that can be renewed to a point where Lbe will be $2.00 again?

I think profits are the real key to share price. For FY 2008 I do not expect to see profits. For FY 2009 I do. Even though we have money to pay back I think aboout three - four months of full production will handle that. Key for us is going to be Hart. Another key for us is how much a life McWatters will prove to have. But this is talk and I know it comes cheap.

Maybe others have more to say.



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