Hi Tantallion,

I don't put very much stock in fancy brochures, well written press releases, etcetera. I think the SP is much more likely to be affected by strong resources in the ground and a favourable price for product than slick promotional material.

It seems to me that, assuming ISM will confirm a good resource base when the Ni 43-101 comes out, the SP will hang mostly on the price of nickel. Accordingly, a satisfactory SP for shareholders will depend on a satisfactory Ni price, and that may not be achievable for a while. Patience will be an important virtue for ISM shareholders as they waity for strong fundamental value, not slick brochures, to support the SP.

That said, certainly IR could be doing a better job. 3 or 4 weeks ago when there was a lot of discussion on this board about the quality of IR, I sent an email asking for clarification of the company's long-term strategy and I still have not had a reply. In my mind, not even answering questions leads to uncertainty and uncertainty leads to low confidence, which translates to lower SP.

Anyhow, to sum this all up, ISM shareholders need to have patience (as well as a lot of other shareholders), and those investors with cash and a long-term outlook should be looking closely at the Ni 43-101 when it comes out to see how much resource is confirmed and what it will cost to get it out of the ground and ready for sale. If it is attractive enough, the SP will rise with interest in the fundamentals.

Cheers,

Bluenoser