Whaler,

Somewhat along the same lines as your post:

August, 2009

• Two new well-qualified, experienced directors elected to the board.

September, 2009

• The ISM website was revised and updated to include in the Investor Highlights section a list of seven things under the following byline: Appealling aspects to consider that warrant an investment in Inspiration Mining Corporation
• I won’t list them all, but one of them was the pending Micon report.

That’s quite a change for ISM management to be telling people why they should invest in ISM.

October 6, 2009-- 43-101, Geological Report

A few of excerpts:

• The Report provides a summary of the geophysical, geological, geochemical, and drilling results.
• The Report will be used in the preparation of a resource report, which is being prepared by Micon International Ltd., of Toronto.
• The Report also provides the foundation from which the Corporation can continue to develop and prove the Langmuir Property as a significant nickel deposit.

After October 6, one of the new directors purchased approximately 160,000 shares on the open market.

October 15, 2009—Clarus release

A couple of excerpts:

• The Company is of the opinion that the current share price does not accurately reflect the true value of the Company's assets

  Your chart shows the knee-jerk reaction immediately after the Oct. 6 NR and the build-up between then and Oct 15. It then shows additional increase after tHe Oct 15 NR. The chart indicates to me that someone got the message.

• The current market cap is not indicative of the true intrinsic value of the Company.