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The mining industry is experiencing a severe correction post the commodities boom of the last few years. Marginal mines are shutting down and large operations are cutting back production. Reserves are being recalculated based on commodity pricing. Copper at $1.60/lb. makes a substantial difference from $4.00/lb. Nickel has dropped from a high of +$20/lb. to $4.50/lb. On the positive side, there are still 2 Billion people in the developing world in need of a light bulb. The economies of developing countries have slowed but some are still growing at a brisk pace of 5% - 9%. The automotive industry is retooling for a low cost car for emerging markets. Projections are for low cost cars to grow from 2.5 Million units in 2008 to 17 Million by 2020. The automotive industry is planning to launch hybrid powertrains and all electric cars. The amount of copper required for this transition will be unprecedented. Governments are launching large infrastructure projects to offset the current financial downturn. The demand for base metals will return over the next 2 years. New discoveries must be made to replace existing mine reserves and Exploration Syndicate, Inc. has proven its ability to tackle the next generation of exploration challenge and is well positioned to make these discoveries globally.