RE: dates of Resource EstimateThe drilling in late 2005 (Phase 8) totaled 3,681 metres in 20 drill holes and as yet has not been incorporated into a new reserve. The Phase 9A $1,100,000 exploration in 2006 and the Phase 9B $525,000 exploration in 2007 was mostly mapping, geophysics and trenching - not sure if it included drilling at all.
I would expect a Phase 10 program for this summer (2008) that will probably be about $2-3 million for primarily DRILLING. Prior to that I would expect a PP by PFN with Stillwater taking a major part of it to increase the percentage they own in PFN (could be in the next month). Drilling should take place all summer and into the fall with a new reserve figure updated for next spring. Further, I expect a full feasibility study to be done in 2009 with production in late 2011.