Nickel you wrote: "ISM has spent millions upon millions of dollars getting to the stage it is at with the Langmuir Properties over the past 6 years. The last ISM/Micon Ni 43-101 was totally based on ISM building its own Mill. From the Resource estimates we saw in the last NI 43-101 and the very low grade average ni it carried, the market has been very clear to what it thinks of the Langmuir Properties and their chance of success. We may see some more numbers added to the Resource, but I highly doubt we will see the numbers that really count; the low grade % for recoveries. I am afraid if ISM released this information the stock price might be cut in half. Instead, we will more than likely be told the low grade recovery % numbers will be completed in phase B, C, D or E somewhere way out in the future. Yes Whaler, in my opinion, ISM is deflecting the news of what the next Micon Ni 43-101 may bring."

Nickel77 thanks for the opportunity to repost a very important statement from Micon. Your mention of the mill is interesting and it was mentioned by Micon wasn't it.

How about a simple off take agreement with UMJ being as we are the near 20% stakeholder who may one day have a director or more possibly sitting on their BOD?

We have all seen the many expamples of other operations making a go of low grade ores. As you said, and as Micon also says, these are unknowns right now and were at least at the time of writing back in 2009/2010. Early stage is just that Nickel77

So many unknowns at that early stage that Micon keeps referring to.

"Given the early stage of the project’s development, no detailed information is available in respect of operating costs for mining, processing and general and administration in respect of a potential open pit mining operation. As well, no geotechnical information is available upon which to estimate an overall slope angle. Consequently, Micon derived estimates for these items on the basis of its experience in the region and from general knowledge. It is to be noted that the estimates presented are only for the purpose of developing an initial optimized open pit shell, and the assumed values will likely change with further detailed work."

"17.1.3 Cut Off Grade

For the purposes of this assignment, a conceptual operating scenario was developed wherein nickel-bearing material was contemplated to be excavated using open pit mining methods and a nickel concentrate to be produced at a plant located on the property which employs a flowsheet incorporating a flotation process to generate a nickel-rich sulphide concentrate. This concentrate would then be transported to a domestic smelting/refining complex. This conceptual scenario will likely change as more information becomes available for this deposit.

*********************************************************************************************

"Mineral resources for the Langmuir North nickel deposit:

The mineral resources are estimated at 8,324,000 tonnes grading 0.40% Ni. Micon believes that sufficient information is available to classify the mineral resources in the Indicated Resources category.

Mineral resources for the Langmuir No. 1 nickel deposit:

The mineral resources are estimated at 1,733,000 tonnes grading 0.51% Ni. Micon believes that sufficient information is available to classify the mineral resources in the Indicated Resources category."\

**********************************************************************************************

"In the 1970-73 period, a 446 m deep shaft and a flotation mill were constructed on the property. Production from the Langmuir #2 deposit in the period 1973-78 amounted to 1,133,750 tonnes grading 1.45% Ni. In 1976, a decision was made to develop the Langmuir No.1 deposit as a supplementary ore source to the Langmuir No.2 mine. The Langmuir No.1 deposit was accessed by a 1250-foot long 12 foot by 15-foot ramp, which stopped 400 feet short of the deposit. Noranda ceased underground development in 1977 due to “deteriorating economic conditions at the Langmuir No. 2 deposit”.

Timmins Nickel Inc. developed the Langmuir No. 1 Mine, with assistance from Ontario Mineral Incentive Program (OMIP) grants in 1990 (OMIP Grant OM90-118) and 1991 (OMIP Grant OM91-098). Under OMIP Grant OM90-118, Timmins Nickel completed the dewatering of Noranda’s 1,250- foot (381m) long ramp, extended the 12 foot by 15 foot ramp for 400 feet (121.92 m) to the 315 foot mine level, completed 4,652 feet (1,417.93 m) of underground diamond drilling, and metallurgical and ore compatibility studies."

**********************************************************************************************

"As discussed above, Inspiration Mining’s Langmuir North and Langmuir No. 1 deposits are located along the south eastern portion of a geological structure known as the Shaw Dome. The package of rocks that contain Inspiration’s two nickel deposits have long been known to be favourable hosts for nickel mineralization, and production of nickel in this area has taken place from the Langmuir No. 1 and the Langmuir No. 2 mine (both contained either within or immediately adjacent to Inspiration’s mineral claims and the Liberty Minerals Inc.’s (Liberty) Redstone and McWatters mines located to the west of Inspiration’s land holdings. In addition to these properties that have hosted nickel production in the past, new nickel discoveries have been found beginning in 2007 by Golden Chalice Resources Inc’s (Golden Chalice) to the south of Inspiration’s land holdings."

1.11 ADJACENT PROPERTIES