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The Company has three main projects: a PGE project in Montana's Stillwater District; a copper project in California's historic Moonlight Copper Mining District; and a nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut.

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Message: Re: SRU's short fall vs SRU's falling short?

Lanny,

It will be another 4-5 years before the plant is built. With all those shares outstanding, I do not think we will have the open window that we have now. Just an opinion. Interesting concept about Seymour Schulich. Do you think he just wants to stand idly by and watch his investment vaporize? I would not be surprised if he and some of his friends like like Ned Goodman make a move that will be in SRU's best interest of course but might alter things from an internal perspective that is.

Best wishes Lanny,

Jerry Francis



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