We have a 2.1B $ ore body that the market says is not economical unless further mineralization is found. I say BS. We already have more found. E2 is subtantial. WSR/MTX have 131.9M of semi massive to near massive sulfides with Cu, ZN and FE (assays should be in any time now) , SPQ have a few hits with good widths of chromite. We have but 200 holes drilled in an area of 100km by 70km. So more is already found and we have only begun to drill this huge area which NOT controls a very big portion.

Let's get back to E1. At 2.1B million dollars for only 2.9Million tons, this is astounding and is why this will be mined. The massive sulfide portion is 450 000 tons averaging a NSR of $1,665 per ton for a total of 750 million dollars. Three quarter of a billion dollars that is after we pay the smelting fees. That 750M can be used to build roads, truck the ore to Timmins (I am looking into the KID CREEK smelter-apparently they can process this-more to come later on this) build a concentrator and then process the disseminated sulfides so that they can then be sent to Timmins for Smelting. This will results in another 850M dollars after paying the smelter. We know E2 has nickel in lower grades so a concentrator on site will be required to process this but again, will add to our reserves and cashflow.

Now, once the 43-101 report is finished and the feasibility study is completed and demonstrates that this is economical, we will have NO problem getting a loan!!! That is key to preventing further dilution.

We will be getting gold out of Windfall and this will help with cashflow but we do not have a mining permit there yet, only a bulk sampling permit. Do not get me wrong, we will get some serious money out of Windfall with this current bulk sampling permit but we cannot rely on it to establish a continuous cashflow at this point.

Once the road is built, the concentrator is built, we are in charge! We will be listed on the TSX, we will have a cashflow, a P/E ratio, blue sky as far as the eye can see, a gold reserve in Quebec with a concentrator and smelter within 50km, all the infrastructure close by including roads and hydro. Manipulation will not be an issue as funds will be adding us to their list of stocks and we will look back at the summers of 07 and 08 and marvel at history repeating itself. That is the market punishing our shareprice just before liftoff in the fall.

Hold on tight friends and find more dough to buy more shares at this ridiculous valuation...This is a once in a lifetime opportunity. The markets were crashing last year as well but those who had done their DD reaped their rewards and so will we!!

Cheers,

Glorieux