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Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Macfaulds Lake?

Macfaulds Lake?

posted on Feb 04, 2010 07:52PM

This was taken from the dec22 nr about the recent ft of approx 1.7 mil. (The funds will be used to further exploration of the Company's properties in Ontario and Quebec, in particular, McFaulds Lake, Ontario and the recently acquired Stoke Mountain and Clinton base metal-gold prospects in Quebec's Appalachian Mountain trend.) Peter should have lots of cash from all the flow throughs in 2009, I hope he is saving some for the rof. I think he should give us an update of what he plans to do in the rof this year and if he is active in the current FN talks. I say our best chance of stock appreciation,to cut down on this dilution, is to focus deeper in the rof. If these talks with FN get straightened out soon and the excitement starts again, we are not gonna have anything to show and wont be ready. I dont agree with just sitting around in the rof, now is the time to be proactive. Get our sp up and the dilution doesnt hurt as bad.I know, I can always sell out if I want, but im still here because I beleive there is still value here to be proven. I guess peter tried to get us some value in the latest drilling but it turned out to stabs in the dark. Hindsight is a beautiful thing, but maybe we got to concentrate on what we all beleive has our best chances, the rof. Im no geologist, maybe the grades arent so bad from the nr, but what worries me is the money being spent on a less prolific property at the moment.I have never talked to Peter, but maybe I will if no one else does or we soon dont get an rof update. Anyone feel free to comment,this is only my opinion and I am open minded.

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