I think it will only count days to get a signature from Noront on the drilling plan, and thereafter, drilling can start in June. At this stage, we should more focus on the potentials of a new Chromite discovery in one of joint venture claims and effects of it. If the drilling results show a long intersection grading higher than 30% Cr203, it will have a signaficant impact on sp. FWR has roughly 6.5 times of o/s with the recent $5.16 million financing, and closed at $.265.

I believe the chance to find a new Chromite discovery is really high based on the following facts:

1) Thanks to the neighbour exploration companies, proven Chromite discoveries are only about 200m away from the Big Daddy Chromite zone and 1Km from Black Thor zone.

2) VTEM and other AEM conudctors showed strongest anomalies found in 800m strike length adjacent to FWR and KWG/FWR/SPIDER jv properties.

3) Blackbird 1&2 Chromite discoveries were confirmed on the 14Km trend.

4) The chromite occurrences can be traced for approximately 20km in a northeast direction, along which two of the Probe-Noront joint venture claims blocks.