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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: How Long?

How Long?

posted on Jan 05, 2008 04:37AM

Before talking to Dick Nemis on Friday I to believed it would be feb or march before flow of information sent all McFauld Lake play stocks higher.

The main think gained from my conversation was that the believes it will be much sooner. Pretty open ended but seemed to mean weeks not months.

Now Dick wants to sell the 'sizzel' which means $28 Noront share price but that depends upon Noront finding another deposit and/or greatly enlarging upon DE 1. Also upon others finding economic deposits. He calls this 'Blue Sky' and he's right IF all these things do emerge from drilling.

Me I'm looking more at the actual 'steak' presented so far and that seems to support a Noront price level of $4.75 plus a bit for the aroma. A firm base of just under $4 seems to have formed for Noront and it's doubtful the big players will let it fall much lower as they have establish some 'steak' value. At this time, to me, Noront looks like a great speculative buy. Only if others feel the same will we see share price improvement over next week or two.

Other McFauld Lake plays are relying almost totally upon selling the 'sizzel' with chances we'll get a peak at some 'steak' upon BMK's earlier drill results and Mid January drilling.

Junior stocks move higher a week or so before news of results come out so I'm not counting on much excitement until end of January.

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