James Bay Lowlands & Bob Lake Saskatchewan

Yes, a BIG HIT and only more big hits are coming

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Message: Institutional Holdings

Pinetree Financial and it's joint actors (whatever that means) in October owned shares and warrants adding up (if warrants converted) to just over 14% of ourstanding shares.

I would be very surprised if there were not other institutional shareholders. Maybe a ball park figure of 20% wouldn't be out of line.

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