I could post on what could have been done in terms of Funding in the past year but did expect that there would be something of a revenue streem for UC by this time and thus was willing to waite it out.

Now the waiting is over. A new PP is to be used to fund 12 to 24 months of Exploration. in fact, that not all the PP is Flow Through is strangely somewhat reassueing to me. On the other hand, the raising of 3 million dollars is courious. Will it all go into one Exploration Program? Meaning Mexico or the SPQ JV Properties. Given that it is a Canadian Tax Mechanism it must mean the intended target(s) is/are ALL in Canadian Jurisdiction. And this is the "strangely somewhat reassuring" part above. Meaning the Mexican Properties will be able to support themselves all on their own from here on in???

And therefore, if ALL this 3 million is going to be dedicated solely to Exploration in the McFauld's East property. I say EAST only as it seems this is the Portion of the McFauld's JV Properties currently of Prime Interest. And seemingly rightly so, as this is the area, to the East and somewhat South of the FWR 9 Claim Blocks where the 22% Cr was Drilled back in 2006 or early 2007 by SPQ. Comments back then were that the area was characterised as being a Very Significant Gravitational High and the Cu/Zn encountered in several SPQ Drill Holes East to South East of the 22% Cr indicated there may be a Geological Structural Connection between the Two. The Cu/Zn or perhapse it should be described as Zn/Cu, seeing that the Zn Grades were much higher than the Cu Grades encountered in thses Drill Holes. did not explain the Gravitational High recorded around that Drilled Ground. Untill Cr was/became the Big Story with Noront Resources, it seemd that this area would be placed on the back burned while Exploration went ahead on the McFauld's West portion of the JV Properties.

NOT anymore, or so it seems at present.

Hope has to be given that UC comes up Big on Cr in the McFauld's East. And the Geological/Geophysical's on the area just to the East and somewhat to the South East of SPQ's FWR/SPQ/KWG Big Daddy look to support having a health proportion of HOPE.

Old Joe

PS: WHEN IS THIS PP EXPECTED TO CLOSE? Anyone know?

Personally I think I will look into the NON-Flow Through portion. The Warrants may well be Timely to have over the next two years.