Borealis Exploration Limited Weekly Update for the Week ended 26 December 2013 - Part II

Iron Ore Prices

Interesting Copyrighted Information about the Iron Ore Market:

China Iron Ore Weekly Monitor 20131224

Highlights:

As the results from China’s Central Economic Work Conference were far from optimistic, steel and iron ore futures dropped sharply, depressing market sentiment. Prices of steel products and billet fluctuated down last week, while imported iron ore prices also kept falling. Thus, iron concentrate prices in some regions of China came under downward pressure despite limited supply. Steelease expects China’s iron concentrate supply to edge down this week.

Please refer to the Sample at the bottom of this page, and you may download the attachment as well.

Background

The iron ore pricing has always been dominated by the world's top three iron ore producers. As world's largest steel producer and consumer, China, however, has never had a voice in iron ore talks. World's top three mining giants led by BHP expect the financialisation and indexation of iron ore, so that the price is not only determined by supply & demand, but also affected by many other factors.

Industry Trend

The world's top three iron ore producers together raised the iron ore contract prices in Q3 2010, leaving the already sluggish steel market in a worse situation. In contrast, existing prices of domestic iron ores and spot prices of imported ores are well below iron ore contract prices. Contract prices are higher than spot prices. Where do/ will Chinese steel mills go?

Thus, SMM launches China Iron Ore Weekly Monitor which emphasizes on tracing and analyzing the iron ore price and its trend. SMM also issues Iron Ore Price Index based on the prices gathered from domestic iron ore miners directly. Moreover, the integrated research on iron ore import & export, plus the analysis on weekly highlights could help readers to understand China iron ore market comprehensively and allows more accurate prediction of price movements.

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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 .$16.50 .$16.50 - 0.100 ....6,080 .$16.50 .$17.00

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

...Cool Chips:COLCF . . did not trade . $2.00 - ..... ........0 . $2.50 . $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 . . did not trade .C$0.040 – ..... ........0 .C$0.040 .C$0.080

Advanced Explorations Inc.

....Other-OTC:ADEXF . $0.060 . $0.060 . $0.060 + 0.010 .....7,600 . . .n/a . . .n/a

..Toronto.TSX-V:AXI .C$0.055 .C$0.040 .C$0.040 - 0.015 ...488,000 .C$0.040 .C$0.045

..Frankfurt.FWB:AE6 . . did not trade .EU0.035 - 0.003 .........0 .EU0.033 .EU0.051

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/