Good Morning folks:

It is easy to get your wires crossed on who staked what and when and then who optioned it from them according to what earn-in schedule and then to keep track of who the present operators are. If this isn't confusing enough, add to this who works for who and who sits on who's BoD's and you get to wondering if there arn't more idiots than chickens running around McFaulds Lake (ever so slightly veiled incest joke)

HGS & Mica may have short circuited themselves.

It is my understanding that the huge track of property known as McFauld's east and west that UC has already earned a 25% share of from KWG & SPQ, and on which UC continues to drill (remember Hook & Lightening) is completely seperate and unique from the property that SPQ and KWG have optioned from FWR and on which they have found chrome.

UC has a 43-101 for McFauld's #3 & #5 (I think these are correct - please check the UC web site to confirm) which are the only confirmed resources in the McFaulds play at this time with the exception of NOT's E1. None of these confirmed resources are chrome and none are large enough to be a mine on their own but each are very rich in their concentration. They will add to the combined value of the area when a major comes shopping. BY that time I predict that UC will have completed their contractual exploration $$$$ buy-in on these properties and will own 55% title.

I hope that the ensuing discussion provides the detail needed to appreciate the land size that UC has privelege to and the real contribution that UC has made to the proven resource base at McFaulds. Chrome is the excitement element for the AG crew but the general market doesn't get it yet. UC and NOT have the goods that the market understands. The share price recoveries since the devastation of 2008 for all of the players reflect this in their 2009 values (read NOT has touched a double and UC has touched a triple since the crash)

There is a map on the UC website that will provide some insight to where the SPQ / KWG optioned property is relative to McFaulds east & west.

Now, I'm back to the salt mine and the daily grind

Aafab

Failing Free World Investor