MaCloud, - good analysis.

Clarification on one point. In my discussions with the company, they were very clear that drilling the McFauld's West property was never in the plan for Phase 1 drilling this year - the focus on that was strictly chromite. They did say while that the MMI results were very promising the 2008 drill program did not yield any measurable results. In hindsight, this was a shallow drilling program and given what we now know about the depths Noront had to drill to for Eagle 1 and the lenses below, a deeper drilling program could very well yield a much different result.

It is my understanding that a much deeper Z-tem survey was conducted by Noront (to 2000m) in the area and based on these results, further drilling would have to be considered. One thing is for sure, if Noront does actually tell us exactly where the latest holes were drilled, and they have excellent nickel results (as we all believe they do),and they do end up being towards Probe properties, PRB's share price will likely jump on the speculation factor alone. If the survey shows any kind of mineralized body at depth on McFauld's West, then it could get serious even before any drilling is conducted.