First, I want to thank Wes Hanson and Joanne Jobin for all their hard work at PDAC and for inviting a few of us to the technical presentation.

I am on my way to Florida and cannot type for long so will have to keep it short.

The drill on Eagle's Nest was set up on the west side and has been drilling holes from west to east. This has resulted in a void of drill holes on the north and south sides of the deposit where bulges of mineralization may exist. Jeremy alluded to some geophysics confirming this but did not elaborate.

There is a widening of the mineralization at depth.

The 3D modeling tools they have access to are really impressive.

They are identifying new targets with some great strategies related to high resolution mapping.

Someone from IBK used the NUMA tool and calculated that Eagle's Nest was equivalent to 6 million ounces of gold!

I got the feeling the FN issues may drag on for a while but that was my interpretation of reading between the lines so could be wrong.

We have 1200 samples sent to reassay from the triple J zone.

We should have seen a bigger run up but we did not. Looking at the house position, it was mostly institutions selling us. WHY?

Well, this 43-101 was within expected range. Noront was on record saying we had 10-15M tons. So no big surprise to the upside but a great comfirmation of what we do have.

The FN issues dragging on scare many

We have no exploration news to come...probably for 3-4 months due to no drilling for last month, no drilling planned now due to FN blockade, then we run into break up and then it takes 8 weeks to get assays back. So many figure they have time to get out and as long as they get back in with 3-4 months, will not miss much.

The risk is we have a new institution like Clarus starting to accumulate a large position driving us higher.

A JV with a major

a Buy out offer (I hope not)

Cheers...no time reread so excuse any mistakes,

Glorieux