Mulligan and Iron Mask field work, page-56

They need to have a defined resource before any money for production would be obtainable...You just can't open pit at random...

First Cobalt owns nearly half of the Cobalt Camp but yet they decided to buy an Idaho cobalt company that has a small size JORC...Why did they need to do this rather than use the $$$ to develop their own large tenements...Maybe they should have spent the acquisition money on refurbishing their refinery...

The historical amounts of silver and cobalt are very good...Of course, they high graded it in the form of many mines over the entire area....But with lots of open ground still all around it was assumed there must still be lots that wasn't discovered, especially since modern exploration techniques like geophysics could now be used...

MEI's best asset at the moment is Midrim which has very very good Cu-Ni-PGM numbers as well as some cobalt...And it is a sulphide resource...But shareholders want cobalt..cobalt..cobalt so previous MD was let go and a new one was hired to pursue cobalt...MEI has very good cobalt ground so let's look forward to initial drill assays...And beyond..