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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Some thoughts on Noront's value and prospects

Excellent post Poly and I agree with you completely about NOT being the leader in McFaulds Lake and is currently way undervalued. Like you, I have made a huge bet that NOT is the real meal deal. In fact I have put 60% of my entire trading portfolio into shares of NOT. I have been trading a few of the shares trying to get my cost per share down but it has been a struggle as NOT just hasn't been volatile enough since its recovery started. I have managed to get my cost down to $2.59, but I wont be happy to I attain the goal of zero, so I have some work. What an understatement !!! LOL

I posted on the FNC forum on how I believe the drilling will play out on Fancamp property. The upside is huge with this stock and I will be totally shocked if they don't end up with at least a sizable chunk of the Double Eagle deposit. From the EM survey, it just makes sense. I believe Nemis knows his discovery is headed FNC's way, the reason for the secrecy of the drill locations. Why show your hand when you don't need to, is my take on this one. For this reason, I took a sizeable position in FNC on the panic sell off and plan to wait until drill announcements before deciding on future action. It's hard not taking 50% profits and riding the freebees but I believe we have some big gains coming in the share price over the next couple of weeks.

Although I don't currently have a position in PRB, I do believe this stock also has some good upside potential. That grab sample that Probe last announced, certainly has got my attention. Anyone that takes a position in this stock most likely wont be disappointed in the near future. Its possible PRB could actually drill before FNC. If a few things work out this upcoming week, I plan on buying a few because I believe it is way undervalued as of today. The risk/reward looks good here.

It's time to place your bets on your favourite McFaulds Lake stocks. It should be a roller coaster of a ride for these stocks in the next few months, as the frozen tundra starts coming alive, from the numerous companies planning to drill their properties. Starting this upcoming week the news wires should have a steady stream about these various McFaulds Lake stocks. Let the drill rigs sing, let the assays speak !!!

Al

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