"I quess when resources start to prove up and other large pods of Nickel, Crome and other PM's, we may see more interest take place."

I think the most important word here, RL, is 'when'.

There has been much discussion about the devastating effect that the past 12 months has had on much of the world economy. There have been huge curtailment of nickel production, steel production, chrome production and more simply because the price of all these products dropped below production costs. The point many miss is that with the cessation of production, the pipeline for these products is quickly shrinking to very low levels while the need for the products is slowly coming back up to acceptable levels. In a normal cycle, where nickel moved from a high of $16, to a low of below $4, one would expect a return to pricing of about $7-8 once things get back to normal. In fact, with the limited production worldwide, and the shrunken stockpiles, we could easily see a return to recent highs again, and sooner than expected.

We have to assume that we have some very experienced people charting our course, going forward. Perhaps they are doing a very good job of timing this thing to hit a peak when demand is the strongest. I know I would much sooner see a big hit at Eagle1 again, or somewhere else in the area, when nickel is at $12-13, rather than when it was at $5. I also have no problem waiting for a few months or years for it if that is what it takes.

Regards

K