Breakfast after an hour and half of presentations. One noteable question several wanted answers to was when the tax law sell-off will conclude. One prediction is it will end next week, 4 weeks early. Another notable observation for all those bemoaning our stock price, is even the noteable's portfolios are down 25 to 60% since Jan. So FNC is not alone. Once you wade through the eye-candy, Dines has largess theories how everything will lift shortly. One presentation I enjoyed by Frank Holmes showed a perspective now dawning on me: China is building infrastructure inwards. The sheer numbers of people yet to be reached will demand materials that will continue global acquisitions. A graph showed the individuals who have been reached consume 10% of goods compared to US and Canada's individual Consumption. China wants that percentage to rise as theyveeach inwards to those not yet consuming. Rails, houses,cars, oil, etc...-------- FNC is in a fine position to increase by multiples. Everything we have holds up so far to the best of the booths I've visited. Advancement into production or property sale will require a major signing on for offtakes. More later. I believe Noront bailed out of conference. -sg