Geoprof,

Do you have any thoughts on if the recent SPQ drill results containing banded iron formation might impact or change the thinking or strategy regarding exploration for Cu-Ni MMS deposits? The source of the sulphides was presumed(?)/suggested by Mungall to be miles away (possibly distant iron formation to the west?) when he first began providing discussion or analysis of the RoF geology. If I have not misintrepreted something, in an NR from probably late 2007, a portion of his report is quoted discussing how the magmatic conduits might be many kilometers in length, as there was no local source rock to account for the presence of sulphides in the magma. Does this presumably more local iron formation change anything?

I look forward to your thoughts.

Regards,

B.