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Message: Conference

Well I'm back and here is what I have gleamed from the conference.

The new resource estimate will include about 400m extension to the southwest all new drilling.

It will also include the lovell Lake area.

The old PEA went to a depth of 300M, the new resource est will be to aprox. depth of 550M.

They have 8 drill rigs going 24/7, have already drilled their 60,000M and will probably continue drilling through to the end of the year. They may move a drill rig to Pele Mountain area when the time is right. The new presentation says 6 drill rigs, they say its a typo error and is in fact 8 rigs.

Financial institutions have shown great interest in financing the project, so possibly no more big share dilutions.

The new resource est. will come out this month, I don't beleive they will announce any drill results before then, they also may try to negotiate with Richmont for land to the north east.

They keep drilling and drilling and the great news is they still don't know how big this resource is.

In my opinion the next resource est. may be bigger than most of us think.

Bcdom

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