800kt nickel metal indicates 10 baggers , page-31

Hi Rocket,

Donot forget the upcoming sale of Devolli Nickel project , should be sold at $25-30million.

Broker gave valuation of 8P, i.e. AUD 13c per share for Devolli Nickel project in Nov 2011.

Devolli Nickel project , 35.8Mt at 1.2% Ni.

If sold successfuly , our cash backing will be above 30c per share, not to mention 2 world class nickel assets on hand.

Broker's target for ENK is between 50P-80P, AUD 90c-$1.28 per share in Nov 2011.