news releases, page-6

re: re:mjshackl news releases I received newsletter from INL today. It says they put AGM ore thru the Hellyer mill during June. Another trial is planned for July and August and they plan to use the mill for commercial production shortly afterward.

Here is a real positive. What if AGM use the Hellyer mill to process ore from their high grade lens at Nickel Reward. This lens has a surface outcrop and they have 30000 t ore at 3% Ni. The metal value of the ore is $10m. It is around 120 km to truck the ore to the mill and transport would cost around $20 t. The ore has a value of $390 t. The profit from treating this high grade lens would help pay some of the cost of constructing the new mill next to Avebury.

The profitability of the project improves considerably if they dont have to issue shares and borrow all the money for the new mill.