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To: Dale Baker who wrote (97331)	1/17/2011 10:07:44 AM
From: Ploni	Read Replies (2) of 118717

With regard to ARGEF, perhaps someone can explain this to a layman: Argex Mining has property that was investigated decades ago. At the time, it was found to be a mountain of metal, but apparently the technology didn't exist to economically recover it. Now there is better technology for separating titanium, including a patented process that Argex has licensed. They were working on producing a resource estimate that was compliant with the 43-101 standard. I thought the summer's drilling would be adequate for that, and that it shouldn't be too hard because only shallow drilling was required. Finally, a 43-101 report was released in November and revised on January 14, but it concludes that the historic estimates have not been brought current and that "[t]here are no current Mineral Resources or Mineral Reserves on the La Blache Property." So what does this mean? They didn't do enough drilling over the summer? Did someone screw up? Now they have to wait an entire year and do more drilling next summer and then pay for another 43-101 report?

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