Ms. Brigitte Masella
Vice-President Environmental and Social Affairs
215 Water Street
Suite 809, Box 10
St. John's NL
Our mission is to add shareholder value through the responsible and expeditious development of the Millennium Iron Range and other mineral projects to create a new large source of raw materials for the world’s iron and steel industries. In this process, NML aims to become a significant iron ore producer in North America by developing an additional Taconite Project before the end of this decade. This stype of strategic partnership enables NML to participate in a mega project, generate stable cashflow and deliver higher earnings per share by: – Having access to low cost capital, – Causing minumum dilution of shareholders’ equity, and – Obtaining guarenteed offtake contracts for life of the mine at market place.