Lets look at a couple quotes:

1) "In May 2008, the Company commissioned Micon International Limited to prepare a mineral resource estimate, a preliminary economic estimate and a technical report of the Langmuir Property. Such work was scheduled to be completed in two phases. Phase I will consist of mineral resource estimates from Langmuir No. 1 in preparation of a bulk sample and mineral resource estimates for Langmuir No. 2. Phase II will consist of preliminary economic assessments examining the potential viability of each zone of mineralization."

2) "Due to the encouraging drill results to date, the Company has commenced with the permitting processes for the dewatering of the Langmuir No. 1 Mine. Depending on the permitting process and the completion of the closure plan required for the advance exploration at the Langmuir No.1 Mine, the Company intends to begin dewatering as soon as a permit is issued. The underground exploration activities are designed to continue outlining the nickel mineralization for a mineral resource calculation, extend the existing ramp to the 425 foot level, begin underground drilling via the ramp, and allow for a bulk sample of the nickel mineralization estimated to begin as soon as dewatering is complete."

Now some history:

"The diamond drilling at the Langmuir No.1 Mine has indicated and confirmed historical drilling results of high-grade nickel mineralization in the East Zone. Due to the underground development and locations of the mined stopes, the Centre and West Zones have not been intersected in these drilling programs. The East Zone is located in the basal talcose ultramafic komatiites in contact with the underlying intermediate to mafic metavolcanics. A high-grade nickel bearing massive sulphide zone within the intermediate to mafic metavolcanics has been intersected in several of the Company's drill holes. Historically, the East Zone was approximately 400 feet long but with limited sampling indicated narrow widths. The Company's drilling has been concentrated in the northern portion and down plunge of the East Zone below the 315-foot mine level to a vertical depth of approximately 825 feet below surface. The current sampling practice of IMC has identified a broad halo zone of greater than 0.20% Ni with several higher grade intersections greater than 2.0% Ni exceeding 20 metres in true width. A total of seven basal till nickel geochemical anomalies are untested by the Company. Limited information is available on the results from historical diamond drilling."

"Previous operators milled 111,502 tons with an averaged grade of 1.74% Ni. The Company has drilled below the 315 foot mine level in 2 phases since late 2005 originally on 100 foot mine sections (phase 1) and then 50 foot mine sections (phase 2). Currently, the Company has only drilled the East Zone and it appears to be open at depth and along strike."