"As it stands we do not know what we have on these two claims wether it is nickel or "moose pasture" It was a gamble with our $$$"

Perhaps the acquired land is not the birdie in the bush that you think it is. I doubt very much if they picked it up because it had pretty trees on it or a good fishing hole. They knew what they had, it's value and what they traded it for. Again, we'll have to wait to see what it meant.