Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Management

True - I have seen many management types.  We are in the world of Jrs.  Historically, if you looked at the Shaw Dome you had 2 past producing mines.  Redstone is using infrastructure from a company that did not make it.  ISM is using the Langmuir site.  We have got the Redstone Mill going.  At last years AGM we were sitting on $32 Ni approx and management knew that price could not last and decided to go after the high grade ore.  Then last summer, the mortgage crisis started in the States.  McWatters got delayed in permitting.  Would Management have been responsible for starting to build without the government's OK? 

ISM has the ability to pay alot for public relations.  They have alot of money in the bank.  Money gives you choices.  We got the mill built, paid off the money right away.  Explored Hart - 66 holes were drilled there with a future mine sight that has tremendous potential.  How many exploration companies do you see do 12 - 15 holes period in a year?  The paperwork has been a huge job to get through  all the permitting requirements to build a mine.  Look how long many companies work to get just this job done. 

So when I look at value for shareholders, I see tremendous value done.  Many Jrs have suffered this year.  Am I happy that this company is suffering in share value  - No - but I can see some of the reasons why it is.   

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