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Message: please read this REPORT

At this point in time I really don't care. The magical red line that John Harvey drew on the map back in 2007 does pass through both our McFaulds East and West JV properties. This alone has kept folks aware if not interested in the property.

We know that there are metals there c/o our 43-101 so this would indicate that we are in the money and where there's smoke ...

I understood that we had eight high grade anomolies targeted to drill on the properties. I thought that Lightening and Hook were the two best but we have heard nothing about the winter drill season since they were spudded so apparently they were dusters.

What I do care about is that we meet our financial obligations to assure 55% ownership and operatorship of this huge track of land within very close proximity to the Chromite and NOT's other strikes. If a major takes a run at the area (and you can place your bet on whether SPQ and KWG are negotiating with a major or gasping their last breaths based on the CLF $$$$$$'s for KWG and the recent PP for SPQ) they will want McFauld's East and / or West for what it's worth to us.

That will be the payoff for McFaulds and I hope Jim encourages the first reasonable offer, gets the bidding going and closes the deal fast. These are not times for waiting for the big baloney, when we can survive off of weiners while we develop Mexican silver and gold. Time is $$$ and if this can all transpire quickly (like within the year) I say hurrah.

No doubt I will be wrong.

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