Replies to post #1235 on North America Frac Sand Inc (NAFS)

[Warchest]

Key Advantages
Under the supervision of an Independent Engineer, the Company has drilled 66 core holes and 107 backhoe holes for a total 173 holes
The sand samples were processed and tested at the lab to establish that the sand had the requisite qualities to meet API standards
The total area tested was 12.9 million square feet with an average sand thickness of 10.5 feet
Deposits contains all the most common sizes with a small amount of tailings
Central Location is strategically located in Western Canada and to a major centre providing logistical advantage to the entire Western Canada and Northwestern US markets.
Close to major city – available workforce, no seclusion pay, ease of maintenance resulting in limited down time
NAFS has 1680 acres tested under lease with an additional 28,000 acres under options
Royalty payments are on a fixed per tonne basis for the first term (10 years) and for subsequent terms (10 years each term) there are are provision for price escalations
There are no access or maintenance fees
All royalties paid after sand is sold
Close proximity to transportation provider, both truck and rail
Production cost is expected to be low
Little overburden
Uniformed sand deposit
Reclamation cost is expected to be low
Established relationship with all the major well service companies including a number of large Oil & Gas companies
Have government and municipality support