re: + resource upgrade for toomey hill project co The shares...

re: + resource upgrade for toomey hill project co The shares were offered for 25 cents at Listing. There was a 1 for 2 free option later.

I bought Options a few days ago when these were a bit cheaper. Now they have moved up slightly while the head shares went down.

It is somewhat difficult to get a big helping of Options anyway.

There are a couple of items where I want more clarification:

1. The Ni grade is 1.09%; I would have liked to see this higher, say 2%. MCR has an average of about 2.5-2.8%. Costs at lower NI content will be much higher here.

However, CMG has one massive 3.76 mill tonnes deposit.

I am going to contact CGM on this; they said that a tenement close by had produced Ni ore; it is possible that it could have had the same Ni values and may even had supplied the Minara plant as well.


2. Re the Cue gold drilling results; often these concern short lenghts with higher values. I would prefer much longer lenghts.

Gerry