Most judge a stock's success by the level of appreciation (or deprecciation) in the share price. An exploration company's success would be judged based on results produced from their various projects. By such accounts, SLAM has had an incredibly successful year in the field (the stock price is out of our control). Without getting into detail and specific results as I did last year, a quick overview of the results over the year shows this:

Nash Creek - produced consistent results from over 200 holes; significant zinc-lead-silver assays over substantial intercepts (up to 40 m) of near surface/open pit amenable ore grade material; resource estimate pending from Wardrop Engineering which hopefully confirms tonnage in 10-15 million tonne range

Costigan - grades and near surface intersections similar to that of Nash Creek; could potentially compliment Nash Creek deposit (additional feed for a mill) or be a "stand alone" project in the future

Keezhik-Miminiska - two new gold discoveries through diamond drilling warranting further work

Reserve Creek - quite successful drill program with very significant gold assays up to 70-80 g gold per tonne over 1.5 m (in two different veins/zones at different depths); interestingly there was a co. reported similar assays/intersections in only one zone last week, and the stock rose 60% following the nr

TSN - new zinc-lead-silver-copper-cobalt-gold discovery; drilling to commence in new year; near surface zone that has great potential given size of coresponding geophysical anomalies

As I said in the outset, the year of exploration for our company has been quite successful. Unfortunately, this success came at a time when, as we all know too well, market conditions and investor sentiment (particularly toward jr. resource stocks) was and remains extremely negative to say the least.

As for the next year, trying times should continue, however SLAM seems to be well positioned to not only weather these conditions but be well prepared to thrive once metal markets return to some sense of normalcy again. The company wholly owns all significant projects which are in good standing so there are no JV payment obligations to drain cash reserves. Overhead costs in the Miramichi office are minimal with approximately 90% of staff unfortunately, but necessarily laid off. There's no doubt that management is doing all in their control to selectively advance projects while maintaining the viability of the company, so it will be poised to thrive in the future - hopefully a time when the stock price success matches the success that the company continues to generate in the field.

Have a great week, and if I don't post again...Happy New Year!