up 10 percent nc, page-8

My conversations with the Company revealed that 125mt of nickel laterite can be very desirable predominately by Chinese who have a newly developed 'Hi Tech' furnace method specifically for nickel laterites for cheap pig iron.

The Company fields at least 1 call per week from interested and increasingly impatient Chinese steelers. They further tell me there are experienced and knowledgeable, drillers miners/geo's in the registry who are holding tight for much more than 20c.

Drilling starts very soon and expected extensions of the laterites are being investigated.

And that's just one project.