I don't care what enyone says, they do not drill 4.8 m of 52 oz/ton without there being a lot more in the immediate area. An area of 4.8 x10mx10mx2.5 ton/meter gives us 1200 ton of ore. That is for one very small area. You can rest assured that they will not include any waste rock in with this for a test mining, so lets say 1200 t @ 40oz/ton. This gives us a gross income of 43m. Cost of processing still gives us in excess of 30m. This is all short term money and I call this a minimum, regardless of what Poly says.

I am comfortable with my investment in Not just on this analysis alone, but then we consider James Bay;

They have what has been described as possibly the best nickel find in modern history. Yes I realize that it has not been proven up yet, but that is what makes this so intriguing. They are drilling and apparently finding more. What better than to have a position in this company and get to sit back and watch this whole thing unfold.

Then on top of this they present us with a third play, " chrome". This by itself would be a huge opportunity. But just by being there for the other two we are going to ride this one up as well.

I am spending most of my time enjoying the summer and family. I visit here maybe twice a day and see a lot of folks expressing anxieties as they want to see this share price go through the roof, they want news and excitement, but don't realize this is late July and August is still to come. I am quite content to know that things are moving forward and by end of October we will be in a whole different ball game. I am not short of cash at the moment, I have enough in the bank to feed us until October, Any news put out will draw a lot more interest then than now.

The above having been said, I will not be disappointed to see the news release that is coming out tuesday before market opens.

Regards

K