ADVANCED STAGE DEVELOPMENTS:

Consolidated Thomson Iron Ore: T.CLM $6.25 per share and market cap $500 million
Resource: 638 million tons 29.8% Fe

This company is developing their Bloom Lake Iron Ore Deposit located in Northern Quebec. Their deposit consists of 638 Million Tones of Magnetite Iron Ore at an average grade of 29.8%. CLM is in the final development stages and is a very near term producer. The interesting story behind CLM is two years ago a Merchant Bank (www.forbes-*-manhattan.com) took over CLM when the market was valuing CLM at under $5 million ($.15/per share). This company has since seen its iron ore deposit developed to the feasibility stage and the company has a current market capitalization of close to $500 million for their 638 million ton deposit.

In late November the company announced that preliminary work to construct access and service roads, hydro power and site cleaning had begun.

This is the most advanced stage Iron Ore development in Canada and thus the market capitalization of $500 million for the company.