Tantallon

You are making enough predictions for the rest of us. Where are you factoring the development costs and the facts that we were not producing 1500 tpd? We did not reach full production until the beginning of Jun. I guess you will have to wait and see until the middle of Aug. Those that have been following the process do know what is happening in the company. Since you are a hubleader of ISM and your partners spend all their time on our board on SH belittling our investment why should we take your post as anything else.

For your information - From McWatters Ni43-101

Project Economics (P133)

The open pit and the underground mine assessed individually and together in the combined production schedule are economically viable at the study nickel price of US$7.00 per pound;

LoM net revenue based on plant feed of 872kt at 0.70% Ni is estimated at $62 million;

Open pit mine unit operating costs are estimated at $4.56 per tonne mined;

Underground mine unit operating costs are estimated at $35 per tonne mined for sublevel cave and $45 per tonne mined for cut and fill;

The estimated unit cost for processing at 1,500tpd is $16.19;

The LoM average general and administration operating cost is estimated at $3.25 per tonne milled;

The average surface ore haulage cost to the Redstone mill is estimated at $2.26 per tonne; LoM operating costs are estimated at $45 million;

Total project capital requirements are estimated at $3.5 million; Undiscounted pre-tax LoM cash flow is estimated at $13.2 million;

The estimated project NPV (Including year 2009) at a 8% discount rate is $10.7 million. Considering only 2 weeks remain in 2009 a recalculation excluding 2009 yields an NPV of$11.54 Million;

The project IRR is estimated at 460% excluding sunk costs.