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

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

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Message: Corporate Update

Tant...

The $6 quote was in reference to pre production ore costs. If you look at the financials Gary costs were averaging in the mid $6 range. Any pre production nickel being pulled out of the ground at a nickel price of $6 was being sold for a loss.

$3.50 was the expected cost at full production to start in early 2009.. before the world tanked.

I have the Alberta meeting notes on my home computer. I'll be happy to help you out and dig them up for you.

Quaz.

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