MANICOUAGAN MINERALS INC MCOUF

RE: rhodium

[dwothers]

The table is below, and I made separate columns of each metal. I think the mix of metals makes the basket looks appealing, but the lengths look small. They seem to have potentially nicer looking properties than many, but I don't think you have enough information to figure out how much they have. The platinum is attractive as well. Each gram per ton is worth about $40. Each gram per ton of the palladium is about $12. The Rhodium is about $190/gram. These results indicate metal values well in excess of $400/ton for just those three metals and there is also other metal values. Analyte Symbol Os Ir Ru Rh Pt Pd Au Re Symbol units* (ppb) (ppb) (ppb) (ppb) (ppb) (ppb) (ppb) (ppb) 105419** 49 94.5 401 439 3320 21100 204 258 105432** 102 226 858 714 3250 18400 228 67 105434** 156 300 1150 1010 3090 17100 236 80 105476*** 351 2310 874 1420 18500 273 8 105486*** 204 2630 597 1590 14300 198 6 Let me separate each metal... Os ppb) 49 102 156 Ir ppb 94.5 226 300 351 204 Ru ppb) 401 858 1150 2310 2630 Rh ppb) 439 714 010 874 597 Pt (ppb) 3320 3250 3090 1420 1590 Pd (ppb) 21100 18400 17100 18500 14300 Au (ppb) 204 228 236 273 198 Re (ppb) 258 67 80 8 6 ------------------------------------------------------------------------- Channel No. Palladium Platinum Copper Nickel Cumulative grams/tonne grams/tonne % % Length (m) ------------------------------------------------------------------------- Bob East 2 5.83 2.43 0.62 2.09 2.00 ------------------------------------------------------------------------- Bob East 3A 6.40 2.72 0.13 2.27 0.85 ------------------------------------------------------------------------- Bob East 3B 8.37 2.16 0.77 1.84 0.50 ------------------------------------------------------------------------- Bob East 4 11.60 2.25 1.95 2.26 1.20 ------------------------------------------------------------------------- Bob East 4 3.49 1.30 0.85 1.08 1.90 ------------------------------------------------------------------------- Bob East 5 5.08 1.33 2.22 1.32 2.50 ------------------------------------------------------------------------- Bob East 6 4.79 1.20 0.25 1.18 1.19 ------------------------------------------------------------------------- Bob East 7 1.55 0.42 0.10 0.50 0.90 ------------------------------------------------------------------------- Bob East 8 5.82 3.04 0.18 2.98 1.67 ------------------------------------------------------------------------- Bob East 9 7.89 2.69 0.66 2.41 3.10 -------------------------------------------------------------------------