I have found this technical report for SKF (Spider-KWG-Freewest) to be very, very interesting. Here are a couple of interesting quotes:

"Whilst current exploration efforts are on chrome and associated PGE, the potential for other deposit types should not be overlooked, particularly MMS (which might occur in the same peridotite unit hosting the chrome mineralization) and VMS type deposits in the eastern segment of the SKF JV area. Freewest’s and Noront’s MMS discoveries in peridotite (see Section 15) lend support for follow-up work on EM conductors." Pg 6

"Based on the size of the RFI on one hand and the occurrence of volcanogenic type lithologies within the southern limb of the Sachigo greenstone belt on the other, Micon considers the greater region surrounding the McFaulds Lake area to be highly prospective for MMS, magmatic Cr-Ni-Cu-PGE, and VMS deposits. The three chrome projects discovered to date (i.e. Noront’s Blackbird 1 and 2, SKF JV’s Big Daddy and Freewest’s Black Thor) lie along a 12 km to 14 km long northeast-southwest structural trend and all sit within the same peridotite body. In Micon’s opinion these chromite discoveries collectively form one of the most significant chromite discoveries made in North America, notwithstanding the fact that all of the projects still require much more drilling to demonstrate a resource." Pg 53

Any investor in for the long haul will realize that more money will probably be required (so much for the ruckus raised for the last private placement). And thank heavens for a 3.5 cent share price.

But clearly MICON sees a huge potential. But it will require money. But we now have a roadmap. And I expect that Cliffs has had a good look at it. And when you think that the budget found below is only $5 million (CDN). That's beer money for Cliffs.

The only question for me is Can the amount of money for helicopters be reduced? Over the two phases it's 1/2 million bucks.

Snug