CY5 General Discussion, page-126

Mike Naylor is upbeat about news flow but the team have been around the block a few times and he doesn’t give away much that’s not out there already. This team are not pumpers, but solid performers who know how to get stuff done. They are solidly invested themselves and have an eye to generating real shareholder value from the drill bit. The focus is on pushing hard on JORC resource drilling and this is going well. The winter road is ahead of schedule if anything. Tenement acquisition activity is competitive in James Bay so while they are on the lookout and in discussions with vendors there is nothing firmly in the bag. With the transition to David Southam as MD and the amount of effort being put into exploration, the next few months should be a good time for holders.