Just looked through the above presentation. There are quite a few things worth noting

All major projects were mentioned, some updates/looking ahead are also given.

- Cash: Still has about $33M, which is more than adequate for all planned activities.

- Borden: Quite a few slides were devoted to Borden:Expand and upgrade Main zone; Explore new targets (the nose); Begin PEA. Ask for patience during a methodical approach in upgrading the inferred to to indicated and resource expansion (open in all directions at the main zone).

- Slide 5, Analyst's Evaluation: Four valuations of Borden are in the order of $300+M. But don't quite understand the valuation from BMO of $68M (10% tax rate, fully financed...anyone knows what this note means?). For BC, there were 2 valuations (way undervalued, I don't think those analysts paid any attention to the value of CLF transportation access and the value of the deposit in the buffer zones around BT/BD.

- BC: 43-101 completed. Evaluate options for BC chromite deposit (presumably dressing her up for a potential suitor, hope that the value of the transportation access and buffer zone will not be forgotten).

- LSG JV: Drilling completed, results pending (still pending after a year, bet that the results are availble, but for some unknow reasons both LSG and PRB prefer to keep quiet). The location map (the alteration zone) is shown on slide 16. But does anyone know the location of that single drill hole?

- 5% Goldex Royalty:Events at Goldex is being monitored (whatever that means).

goldhunter