Created by president and CEO Fred Fisher in 2005, Ontario based Hi Ho Silver, focused first on the moly property at Carmi. Fisher leads an experienced mining and business team and says that he is, ideally, not looking to go into production at the Carmi property and thinks that once the resource is delineated that it will pose an attractive buy for an Asian moly importer into China. Fisher expects the initial resource estimate to come up with around 3m tons of ore for zone E and thinks that the whole property could eventually total between 100-120m tons. "I am very pleased with the results to date from Carmi. My goal is that with further drilling we can prove up greater than 50 million tons of mineralized material with economic grades of molybdenite (MoS2)," said Fisher; Fisher expects zone E's 43 -101 resource estimate sometime within the next eight weeks.

And Lori let's the lease on this property lapse?? odd, very odd