Peter Grandich on CEV (Part 2) The ultimate goal of the 2012 program is to complete an initial resource estimate followed by a Preliminary Economic Assessment early next year. Based on the success of this year’s program, I expect management has already begun planning next year’s program. In addition, the company has also begun
Page 3 of 3
to secure necessary infrastructure and has agreed to contribute to the CN Rail feasibility study (other participating companies include Alderon, New Millennium, Labrador Iron Mines, Champion Minerals and Tata Steel).
The team to get it done
Cap-Ex is a great example of how a successful management team can leverage their experience and expertise to advance a project quickly. In addition to its high quality ore body and ideal location, Cap-Ex is being led by some of the most experienced senior executives in its sector. President & CEO Francois Laurin, former CFO of Consolidated Thompson, along with Chairman of the operations committee, Brian Penney, former senior executive with the Iron Ore Company of Canada, are definitely proving my point that one of the key factors to examine before making an investment is to look closely at the management team. These two guys know what needs to be done and, more importantly, are working hard to get it done!
With two highly successful drill programs nearly complete, Cap-Ex’s management team has proven that they are serious about fast tracking the exploration and development of Block 103. I’m looking forward to the remainder of the assay results as well as the announcement of the initial resource estimate and PEA early next year.
Note: Grandich Blog Compensation: $2000 monthly, Options: 150,000 @ $1.17 & 60,000 @ $.81
Cautionary Note Regarding Forward-looking Information
Certain information regarding the Company contained herein constitute forward looking statements within the meaning