Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Discount to CIA share value

It would appear that we are now trading at a discount to the value of the CIA shares

$3.05 X 6.5 million = $19,825,000

153,950,000 X $0.10 = $15,395,000

$19,825,000/153,950,000 = $0.1288/share

Do these numbers look right?

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