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Re: jayree post# 887

Wednesday, 01/20/2010 4:05:14 AM

Wednesday, January 20, 2010 4:05:14 AM

Post# of 23466
After phase 4 and phase 5 if results are successful, the plan is look for JV. Lifted this from 10q risk factor section.

If the results of the exploration program are successful, we may try to enter into a joint venture agreement with a partner for the further exploration and possible production of the Labrador Claims. Our company would face competition from other junior mineral resource exploration companies who have properties that they deem to be attractive in terms of potential return and investment cost. In addition, if our company entered into a joint venture agreement, our company would likely assign a percentage of our interest in the Labrador Claims to the joint venture partner. If our company is unable to enter into a joint venture agreement with a partner, our company may fail and you may lose your entire investment in this offering.
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