Management also indicated the estimated concession

Management also indicated the estimated concession value, which would usually be derived based purely on volume, could be worth a great deal more than typically expected. This is based on reports that the targeted lake may contain a much more valuable tree species than what the Company's concession estimates are generally based on. In this case, HIMR will look for North Cal to "assist us with determining the 'real' value of the concession once the tree species are confirmed," said Meier.