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Message: Positive IP Results at Reed Lanke - Nov 18-08 News Release

A comment about some of those IP anomilies:

- there was a graph included on the brochure (i am assuming its the same one that I got at the show). What may not be evident about the graph as it shows the strength of the polarization as you move along the 1.9 km length of the survey, is that the really big spike makes all the rest look insignificant in comparison.

If you were to take out that one result, you would see that the rest of the readings would become mountains and valleys instead of some 'high plateaus'.

By themselves they are very significant results.

That IP survey really had some good showings, 13 targets as stated in your post.





- The drill results from VMS are starting to show some not so 'great' numbers'

From my research into copper mineralization and copper deposits, if you were to get a result of 2.0% mineralization, you have found a pretty good hole.

The average deposit in Snow Lake is about 2.5%, in the rest of Canada it is around .5% to 5%. (for deposits that are 5 million tonnes and bigger).

A result of 3% is still pretty good.



just some perspective. A 5 million tonne deposit with 2% mineralization at a price of 1.50 per pound will yield around 350 million dollars in value. (US).

When copper prices recover, this will only become a cash cow. This is how HudBay has been able to have such a good cash heavy balance sheet (even after they take on Lumdin's debt)



AK

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