Borealis Exploration Limited Weekly Update for the Week Ended 19 December 2013 - Part II

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Iron Ore Prices

Another Copyrighted story:

China’s steely appetite props up iron ore prices

Fun Stuff

The iron ore price tables for December 23, 2013:

Not much recent action.

And Rio Tinto’s chief was having a plug at analysts over the weekend. From the Oz

RIO Tinto chief executive Sam Walsh says erroneous forecasts that iron ore prices would slump to $US90 a tonne or lower this year showed that many analysts failed to grasp that Chinese domestic supply was drying up and that new projects were difficult to develop.

In an interview yesterday with The Weekend Australian in Rio’s Perth offices, Mr Walsh said he expected iron ore prices would be softer next year as some new supply entered the market, but he believed Chinese demand would remain strong.

Iron ore prices have been remarkably strong in the second half of 2013, remaining above $US130 a tonne and defying analysts’ almost unanimous forecasts of drastic price falls. Earlier this year, analysts had been forecasting the average iron ore price to fall as low as $US90 a tonne by the December quarter, in what would have been a big blow to company profits and state and federal government coffers.

The average analyst estimate, according to Bloomberg data, has since been increased to $US125 a tonne but is still short of the present benchmark iron ore price of $US132.70. Analysts are forecasting iron ore price to average $US119 a tonne next year, gradually declining to $US100 a tonne in 2017.

Mr Walsh refused to provide his own estimate for next year. Last month Rio said it would spend up to $US8 billion ($9bn) expanding its iron ore mines in Western Australia, in a further sign that it believes prices will remain high.

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PowerChips-Avto Metals-CoolChips

Next tests are now scheduled to start the 26th.

Exciting times!

It is amazing the parts/people/countries/equipment/technologies to get a test done.

I sure hope we can get these tests completed Thursday.

We are working on properly funding the operation and building a staff that can handle the work.

We could really use another Isaiah, Joseph and Jan for starters for these new projects.

We expect these projects, if we can fund, and if we can make the right strategic and business decisions to dominate, hopefully in short order, major swaths of the industrial and non-industrial world.

With funding we will start advertising for staff.

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Prague Stock Exchange

Please note again that Borealis is listed on the Prague Stock Exchange, www.pse.cz

We do indeed want trading of BOREY on Prague Stock Exchange.

Every US Broker should be able to trade on the PSE electronically. The same should be true for all brokers from Shanghai to Toronto.

http://xetra.com/xetra/dispatch/de/kir/navigation/xetra

We are here to help to get trading going at http://www.pse.cz/Cenne-Papiry/Detail.aspx?isin=GI000A1J9JJ0#OL

We are planning in the future to list all of our companies in Prague.

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Share Prices

Borealis Exploration Limited(BOREY) is now listed on the Prague Stock Exchange(PSE), http://www.pse.cz. PSE is a member of the Federation of European Securities Exchanges (FESE), and the US Securities and Exchange Commission (US SEC) DESIGNATED it A "Designated Offshore Securities Market". The Frankfurt Stock Exchange Xetra(R) electronic trading platform, used by the PSE and more than 14 other stock exchanges, has an outstanding record of high scalability, speed, reliability, quality of core technology.

For 13 December 2013 through 19 December 2013

PSE:BOREY(CZK)

High: n/a Last: 180.00 Best Bid: 0 Best Ask: n/a

Low: n/a Vol: 0 Bid Size: 0 Ask Size: 0

=====Company:Symbol === High ==== Low === Last =Change === Volume ==== Bid ==== Ask

.Borealis Exp:BOREF .$17.00 .$16.60 .$16.60 - 0.200 ....4,148 .$16.60 .$17.00

Chorus Motors:CHOMF . . did not trade . $2.25 + ..... ........0 . . .n/a . . .n/a

...Cool Chips:COLCF . $2.00 . $2.00 . $2.00 - 0.750 ......100 . $2.00 . $3.10

..Power Chips:PWCHF . . did not trade . $2.30 + ..... ........0 . . .n/a . . .n/a

....Roche Bay:RCHBF . . did not trade . $0.02 - ..... ........0 . . .n/a . . .n/a

West Melville Metals INC

..Toronto.TSX-V:WMM .C$0.040 .C$0.040 .C$0.040 – 0.010 ..384,000 .C$0.040 .C$0.080

Advanced Explorations Inc.

....Other-OTC:ADEXF . $0.050 . $0.050 . $0.050 + 0.020 ...111,000 . . .n/a . . .n/a

..Toronto.TSX-V:AXI .C$0.070 .C$0.050 .C$0.055 - 0.005 ...620,110 .C$0.055 .C$0.060

..Frankfurt.FWB:AE6 .EU0.041 .EU0.038 .EU0.038 - 0.003 ....30,000 .EU0.035 .EU0.046

n/a = not available

NOTE: DO NOT PLACE MARKET ORDERS FOR ANY OF OUR SHARES

The market makers will take at least 200 basis points away from you if you place a market order. They are making a market in BOREF to make money and they are doing that.

It should be noted that many days at least 50% of the share volume in Borealis is made up of short sales.

A good source for this information is:

www.otcshortreport.com.

For good financial information on our Family of Companies go to www.borealis.com, and each of the companies web sites listed below for the current correct audited annual numbers and current correct unaudited quarterly numbers.

We take no responsibility for the content of accuracy of any reports posted on www.wsj.com or any third-party web site. Other than CNN, we know of no other third party web site that accurately reports our audited financial statement numbers.

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Sign Off

Forest Robinson Passed on this past week.

Forest will be sorely missed, as a partner, funder, business confidant and most of all as a Friend over many decades.

His funeral is This Friday in Wenatchee Washington at Telford's Chapel of the Valley, East Wenatchee, Washington, 13:00 Hours Pacific Standard time.

Forest’s formal obituary:

http://www.wenatcheeworld.com/news/2013/dec/22/forest-milton-robinson-in-memoriam/

To be amused you might want to read

http://www.amazon.com/The-Little-Fuschia-Book-ebook/dp/B00G3E1PGK/ref=sr_1_2?s=books&ie=UTF8&qid=1382469799&sr=1-2&keywords=joseph+cox

This is a super fun read done by WheelTug's Program Manager,

If you want to know about the arctic of 30 years ago, where we have operated since 1965, you might enjoy

http://www.amazon.com/Inungilak-Chana-Cox-ebook/dp/B00GMSLAJ4/ref=sr_1_3?ie=UTF8&qid=1387166692&sr=8-3&keywords=chana+Cox

rtc

iwc

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(c) Copyright, Borealis Exploration Limited, 2013

WheelTug and Chorus are Registered Trade Marks of Borealis Technical Limited

To be added to the BoreyNet (which includes updates and daily stock closes), please e-mail: pr@borealis.gi

If there are any comments or questions about the information given above, please mail to:

pr@borealis.gi

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This information is being sent to various News Agencies and newsgroups as part of Borealis' policy to ensure that all news sent to the BoreyNet(Corporate e-mail listserv over the Internet) is absolutely public in nature.

All the information being sent out is public information, and is included on the BoreyNet. Much of the information is also contained in our web page at http://www.borealis.gi.

Our companies are quoted in the US under the Symbols:

BOREY, BOREF - Borealis Exploration Limited http://www.borealis.gi

CHOMF - Chorus Motors plc ----------------- http://www.chorusmotors.gi

COLCF - Cool Chips plc -------------------- http://www.coolchips.gi

PWCHF - Power Chips plc ------------------- http://www.powerchips.gi

RCHBF - Roche Bay plc --------------------- http://www.rochebay.gi

AMTPF - Avto Metals plc ------------------- http://www.avtometals.gi

FWYPF - Faraway plc ----------------------- http://www.faraway.gi

PHPWF - Photon Power plc ------------------ http://www.photonpower.gi

Current quotes with bid and ask information can be found at:

BOREY - http://www.pse.cz/Cenne-Papiry/Detail.aspx?isin=GI000A1J9JJ0#KL

BOREF - http://si.advfn.com/p.php?pid=squote&symbol=boref

COLCF - http://si.advfn.com/p.php?pid=squote&symbol=colcf

PWCHF - http://si.advfn.com/p.php?pid=squote&symbol=pwchf

Advanced Explorations Inc.

http://www.advanced-exploration.com/home/

West Melville Metals Inc.

http://www.westmelville.com/