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Grayhair

03/05/17 6:36 PM

#1201 RE: SouthSea #1200

SS: I'm completely in agreement with you regarding the release of the 43-101. If they can get it out in the next 4 weeks, then start the next drill program to expand the resource, I would be be very pleased.
The potential market in Western Canada appears to be one that will last for hundreds of years, but it would be great to see NAFS start making deals to supply drilling, oil and gas companies with long term contracts for frac sand as the demand starts to pick up. With those agreements in hand, not only would the price of the stock skyrocket, obtaining funds for going into production should be relatively straight forward. If it was me negotiating the deals, I would get the clients to fund the improvements by providing them with a reduced long term price on a guaranteed long term supply. With talk of potential shortages of frac sand in the future, that would be a win for both sides. (Just some thoughts)