I wanted to put a post together looking at the year ahead for NML. While there have been some unfortunate set backs regarding the DSO and the Taconite project, I still think there is plenty to look forward to in 2013. Below is a quarter by quarter projection of what I think we can expect this year.
--Conversion of historical DSO resources to NI 43-101 compliant resources
--Results of DSO exploration work regarding the new DSO anomalies located near the Timmins processing plant (i.e., trenching and sampling work). Discussion of future exploration work (i.e., drilling) to delineate additional resources and bring down op-ex costs at the Timmins plant.
--Initial drill results from KeMag East Drilling done in Q3 & Q4 of 2012.
--Initial NI 43-101 resource estimate for Sheps Lake & Perault Lake
--Taconite Feasibility Study released for public consumption
--Initial Drill Results for Lac Therese, Lac Keough, and Wishart Creek
--Initial NI 43-101 resource estimate for Howells River North, and Howells Lake
--Initiation of PEA for one of the three different exploration projects: Lac Ritchie, Perault Lake/Shep's Lake, Howells River North/Howells Lake
--Announcement of additional exploration drilling on properties not already drilled (i.e., Menihek North, Menihek, Lac Eclipse, Lac Helluva, or Mt. Irony.
--Announcement of short term port solution for DSO sales
--Results of CN Railway study
--Tata to make positive Investment decision in Taconites
--Initial NI 43-101 resource estimate for KeMag East
--Most of DSO facilities to be completed
--KeRail, DSO Rail Spur to be completed
--First sale of DSO products to Tata Steel's European Operations
--Additional off-take partners for NML Taconite project announced.
--Initial Drill Results from 2013 exploration project announced
--PEA announced for one of NML's other exploration projects.