Now Peter Smith has more information to base the next drills. Noront's new Eagle 1 discoveries were discovered further from FNC. But also, good news is they sent probes closer to FNC to explore. So E1 could truely be part of C1.

It is unbelievable that summer is here and we don't even have a Magpie 43-101 let alone proof of massive Nickel over a meter or Chromite. We barely have money to drill holes.

Yet I foolishly have hopes for FNC. Peter Smith is a man of integrity, but not of timelines. Unfortunetly a CEO needs to have business savy and not just geo-savy. We need a business man who can team with Peter Smith to make business decision. The CEO's team needs good judgement of people they does business with. Smith picked a company that did not get FNC money at $2.

He needs a business plan, not a dream-based plan which leads down the road of arrogance. He did not push to get more money and create a realistic drill plan because he arrogantly thought he could hit an E-1 equivilent in a couple of holes. A dreamer CEO without business SAVY and unrealistic timelines and drillplans may make un-business-like decisions which will scare heavy hiting majors away -resulting in perhaps a non-profitable deal for we investors with a known feasable project like Magpie.

P.Smith chose to go public, therefore he chose to have us own his company, to adopt his baby. Therefor he needs to treat us as a partner and give us feedback. NOW!