CTT Pharmaceutical Holdings Inc (CTTH)

[Earthly_Investor]

Just digging through the rest of the final PEA from SGS.
http://www.northerngraphite.com/wp-content/uploads/2010/08/BISSETTCREEK_PEA2010-final.pdf

The proposed mining operation by Northern Graphite could be one of the largest graphitic
crystal flake hard rock mining operations in Canada and certainly the nearest in term of
suppliers to potential North American markets

The Bissett Creek property has a mineral resources inventory that may sustain production
for more than 40 years and potentially a larger scale operation if market conditions warrant.

In addition, the Bissett Creek deposit is characterized by its structure as a large flake,
crystalline graphite deposit and has been found to be free of many of the chemicals or
contaminants often present in such deposits. This profile will assist in improving recoveries
and reducing overall processing costs. Accordingly, based on the actual resources estimation
and current market fundamentals, SGS Canada concludes that Bissett Creek may prove to be
economically attractive. Applying a discount rate of 10% yields an NPV of approximately $
77.6 million before taxes and a corresponding projected Internal Rate of Return (IRR) of
approximately 24%. Given this economic profile, SGS Canada’s recommendation is to
proceed with a prefeasibility study.

Budget consideration for the next phase is:
- $250,000 for the prefeasibility study
- $400,000 of exploration and infill diamond drilling
- $500,000 for environmental studies permitting
- $100,000 pilot plant testing

Our 8 million share offering at .50 a share will bring $4 million, plenty to get us through a pre-feasability study IMO