The former Wildcat Exploration Ltd HUB On AGORACOM

The company is now known as FUSE Cobalt.

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Message: Jeep Visit - Other Items

Jeep Visit - Other Items

posted on Oct 31, 2009 02:52PM

1. After visiting the Jeep property, we returned to Bissett where we had some lunch, and then drove back to Winnipeg. I had the opportunity to visit with Wayne Stebbe on the way. I knew he was involved with Public Relations (officially "Corporate Development" now), but I did not realize that he was one of the founders of the Company back in 1998. He has a very extensive knowledge of the company, its properties and its history.

Wayne's perspective on Wildcat is that, now that we have come through the 2008-09 general economic troubles/recession/market turndown - which Wildcat was able to weather successfully - we are poised to move ahead. Wildcat has assembled some very choice properties, it has retained all of the geological and management team, and is now expanding its efforts to develop its resources.

2. John Knowles commented on Wildcat's staffing at some point. Wildcat staff have been working on reduced hours under cost saving measures during much of the past year, and there has been some assistance through an EI program. This is ending shortly and staff will be moving back towards working full-time. This coincides well with the move to pick-up the pace of development at Wildcat, and the addition of Tom Lewis is another step to add to that.

3. Some work was done on the Foster River property this summer, but the major focus has been on the Jeep property this year and that is where the bulk of the geologist's time and effort has been spent. The winter drilling program will also focus there.

4. Details of the winter drilling program have yet to be finalized. But, there will be drilling done this winter to further extend the knowledge of just what there is on the Jeep property.

(Here is another excerpt from the Sept 23rd News Release: Wildcat’s program is continuing with prospecting stripping and sampling work. The Company plans to conduct a geophysical survey capable of detecting narrow, elongated, poorly conductive targets of the Jeep area. Final drill planning and targeting will follow the completion of the current surface program and will incorporate results obtained from the planned geophysical survey).

This concludes my report on the trip. If I think of anything else, I will post it. After getting an even more in-depth look at Wildcat, its people, and especially the Jeep property, I am very pleased to be one of its shareholders. I do think the company is undervalued (especially relative to its peers), and see big potential here. JMHO.

NL

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