ann, page-53

Appreciate your post Chandler

Yes, there is good infrastructure in Fennocandia for Ni, Cu for sure, but first you must get a commercial orebody.

A few notes..

1. The geology seems bizarre...a vertical pipe with horizontal layering?

2. Be very nice to see some evidence of higher grades. If you look at the Anglo Discovery (150,000 nickel tonnes and climbing) this si what you see. Sure low grade, but you get solid slabs of high grade and this makes the economics work (perhaps not for Anglo but thats a different story)

3. Magmatic Ni-Cu systems are not easy systems and need specialist and very solid experience with these to make them work, unless they are the simple style of system which you see at Sirius/Nova. I do not see this on the Drake board. If you look at the profiles of the Directors you will not see nickel mentioned, and you will not see geophysics...and these are 2 key skill areas you need to have to vector in quickly. Otherwise you can waste a lot of shareholders money groping around in the dark so to speak.

Good luck to them though. It may well work out, but could be a long road.