I have heard a different rumor...a very good hit at AT-12. Now, remember my last post about the timing of rumors and this PP, please keep it context when reading about this rumor.

First, as some may recall, I got to spend some time with Niemi before Christmas last year. The most exciting aspect for him was the potential at AT12. Fast forward to now: As per the April 8th Hole 36 had 2.1m of 4.18% nickel and hole 37 had 3m of 4.71% nickel. These are short intercepts but have very good grade and usually, high grade material like this does not happen in small volume. AT-12 has been remodelled and the thinking has changed. The original thinking was that it was trending south to FWR but this has been proven false. Now, we are drilling North East with better success. The next hole here could really get us some fuel to move up quickly.

Eagle's nest has established itself already and we have some expectations for it. However, a very good hit at AT-12 would surprise the market but more importantly, the speculation would run wild as we have no idea how big this deposit is.

Keep your fingers crossed that this rumor has some legs...but keep in mind the the timing of it. However, at our current price, the down side is minimal so I expect many to start buying this up soon.

Glorieux