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Message: Drilling Updates

The NR is going to be ready for Monday (still not sure that Probes received a reply from Noront by last Friday), but I wouldn't be surprised if Probes chooses Tuesday for the release date from my past experience. It really doesn't matter to me as I'm carrying a lot of shares from last year.

The big difference in the case of PRB, it has a small number of o/s. Warranty's and stock options are priced at around $.41 (see the sedar documents for details) and "from none to something" is significant to set the base going forward. I'm quite ancious what is "very very very interesting cores". I don't think this is referring to chromite.

On the way up from the spring time, two big profit-takers bought and sold approximately 2.5 million shares. RBC had done its selling between $.165 and $.22, which was absorbed by house 1 (Anonymous), and again House 1 sold a whole chunk of shares at an average price of $.33 from July 15th.

Regards

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