New MD&A posted Aug.27 on Sedar but not really a whole lot in it that we don't already know. They do mention that the summer drilling plan was delayed, but should begin shortly.

Exploration Program:
During the second quarter, the joint venture established a new technical advisory committee to the joint venture, consisting of two representatives of each of KWG, Spider and Freewest. Future plans for the Big Daddy Chromite deposit project were discussed and presented to the joint venture management committee on April 16, 2009, which includes a detailed drilling proposal, where holes are proposed along the strike length of the Big Daddy chromite deposit toward the northeast at an initial section spacing of 200 metres, followed by infill as needed to 100 metres density or whatever drill space density is required to provide for NI-43-101 compliant resource estimation. The start of the summer program was delayed due to some technicalities concerning the joint-venture agreement. The drilling program should resume shortly.

OVERALL PERFORMANCE - FINANCIAL
During the second quarter ended June 30, 2009, the Company focused on its strategic planning to develop what it expects could become a North American ferro-chrome supplier deposit.
Exploration activities on the Freewest Option property were slowed down as the joint venture documents were being worked into their final forms.
As fully described in the first quarter MDA filed on May 28, 2009, Cliffs Greene B.V. proceeded on April 15, 2009 with the conversion of a US$1,033,398 debenture into units of the Company at the rate of US$0.048894 per unit resulting in the issuance of 21,135,069 units comprised of 21,135,069 common shares and 9,310,839 share purchase warrants.