HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: MD&A for the 3 months ended March31/15

While completely agreeing that added drilling at this time would add little, even if we had a major hit. That drilling would divert cash from the now most needed development of the Eagle mine.

However am of completely opposite view about Eagle production if chromite was not front and center in the Ring and the media. That attention has gotten everybody and their dog barking about Getting My Share.

Without chromite, Eagle if not producing by now would be well into construction. Yes no all weather road, but there would be winter road access and quite probably that slurry pipe would be a reality.

In that scenario there would not be enough value to divy it among all who are now interested parties because there would be a lot less of them. Actually we probably would be dealing only with Webequie and province would be more willing to give permits due to less complications to them.

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Jun 02, 2015 01:53PM
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