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

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

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Message: cancelling shares

Re: cancelling shares

posted on Jun 12, 2008 09:22AM

John, we are running 2 shifts a day and that is all that is being produced. We had started to build the shaft to go down deeper but that is not needed for approx 3 more years. It was thought we would be better off putting the money towards McWatters.

From the annual report. "Subsequent to the year end, the production rate has steadily improved to over 200 tonnes per day and the Company should achieve or surpass that target rate for 2008."

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