Ursa Major Minerals Incorporated T.UMJ

New quarter begins today.

[KerBer]

Last quarter, Ursa had gross revenue of $7,271,000. We will beat that in Q4 but Q1, 2011 should be the best quarter ever, even with half loads in effect starting sometime in March. Based on Q3 production numbers, for a full 3 months, at today's prices, Ursa should earn $13 million. Deduct approx. 15% for the restricted loads, and you still come out with approx. $11 million in gross earnings. Not bad for a company trading at .17 cents a share.

[throughmud]

As of July 2010, mid-way through the calendar year, UMJ had delivered 58,000 tonnes of ore to the mill. That included a standard slow period when road weight restrictions were in place. If the mining/haulage rate continued, at least 116,000 tonnes will have been delivered over the 2010 calendar year. Furthermore, during the past 12 months, Ni price has increased from ~$8 to well over ~$12 per lb