"The geophysical survey interpretation suggests three near surface conductive anomalies as well as a deeper conductive anomaly, interpreted to be situated directly below the shallower anomalies. These anomalies have now been prioritized as drill targets. The deeper conductive anomaly is interpreted to be approximately two kilometers in width and to be in excess of ten kilometers in length (ZTEM airborne survey as conducted by Geotech Ltd. of Aurora, Ontario)."

Only one of the drill holes reported (UC-09-01) was targeted at the massive target on their western claim block. It was drilled before much of the geophysics work was completed.

"JVX Geophysics Ltd. of Richmond Hill, Ontario, has recently completed Max-Min and HLEM ground geophysical surveys on the western claim block, focused on an area located 400 metres north of the hole UC-09-01 that was drilled earlier this year in August 2009"

I am told that over 1600 drill holes were completed before they found Voisey's Bay. With only 1 hole drilled on this massive highly conductive target, I hardly think the time is right to lose faith.

If the price is still down on Monday, I will be buying.

SN