As some know I decided to refrain from posting on the Noront forum even though I continue to hold Noront shares long and feel they will experiance short term and long term price appreciation.

I like them because their DE 1 deposit and Windfall Gold Property provides a fairly comfortable downside cushion as does the recent $4 PP. Of course the $5 recent price has about a dollar built into it for the assumption Noront will either enlarge the size of DE 1 or hit similar mineralization on nearby targets. Expectation of news coming soon contributes towards the current $5 trading price.

Now a hit on new deposit will go a long way to confirming an economic mineralization, Noront does needs to find more tonnage or someone else to find it.

Personally I don't mind placing a bet at $5 with perhaps $4 downside and a $7 to $8 upside in the short term. However to stay above $7 and go further Noront has to provide assays, prove up resources and keep on trucking with good news which will take a few months. Downside risk grows a bit as share price rises because bad news, when you've got a speculative premium built into your share price, means the market can be brutal to you, volotility!

Now compare my reasoning with this from a recent Noront forum post wich so far has 16 people recommending it.

NOT is a magnificent discovery with very little downside at this time (hey folks its proven, 43-101 on the way, TSX listing coming, FFkt maybe too, pro support in PP, top notch mgmt who clearly care, great drill teams and geos, unique JV strategy (bet he accepts 1 in 10 offers), open ore body, so much richer in minerals than Voisey's B, in friendly Ontario (NFld almost killed VB !), good relations with First Nations (thanx BMK), environmental threats appear minimal, infrastructure for deBeers mine extendable to McF lake, close working and trusting rel's with other key companies, .....heck thats enough to keep me long on NOT.

My comments? Some of the facts stated are not factual, not proven, downright misleading or of the who cares nature as have no bearing on what price the market will put on share value.

OK guys and girls am I a bad daytrading basher, cause I really do like Noront, or just too realistic to be posting on the Noront forum.