Written by Al Collard:

Good morning. Overseas indices all a sea of red today as equities sell off in response to the US markets on Friday. Not much of a chartist here but the S&P looks very near to support levels so I'm expecting we are near or at the short term bottom right now and expect a bounce to the upside shortly. JMHO. On the economic calendar we have retail sales at 8:30 am with business inventories at 10 am.

Back in McFaulds Lake the rumour mills have taken centre stage again. Trying to figure out how true any of it is, is another story. The volume and the share price direction today will be the best indicator. The Calgary resource show needed something to attract investors I suppose. Lots of excited investors out there in NOT'land, should be interesting today, to see if there is any follow through.

The rumour from NOT is they have good visuals from a 4th anomoly they have been drilling. NOT has numerous other possibilities on its plate to get the share price moving also. The possibility of assays from DE2 and DE1 could be real market movers if they are as good as rumoured. DE2 assays, could be the one factor that puts NOT at new 52 week highs. I am suprised we haven't seen more from the assays of rhodium from previous drill holes, they could announce more from this front at any time. Volume today will be the tip of the hand if the weekend rumours have any merit. The chart of NOT is flashing a buy signal.

BMK finally woke up on Friday with above average volume and a share price up over 13%. All this on rumours they have hit with the drill bit on one of their numerous anomolies. This stock could be in play today, unless the exchange halts it for clarification. I would be careful buying in on this stock as many investors who have been sitting on dead money for weeks now may take the chance to get off the train.

I was reading some of the comments from investors who attended the Calgary show that had the chance to talk with FWR. The thing I picked up from the various reports is their 100% owned properties will be drilled in June or July. At least we now have a timeline. The reason I speak of these properties is the report from Nemis months ago that FWR had some anomolies that looked to have same geology as DE1. Put this stock on accumulation mode on share price weakness for the drill program is what I plan to do here.

SPQ/KWG/FWR...the rumour here is we will see a press release this week to update on the current drill program on these optioned McFaulds properties. The previous visuals sounded very good concerning the geology, but only assays will tell the actual economic value of the core samples. We could be weeks away from actual assays.

FNC is doing the slow bleed in share price. A sad tale with such a hot looking property. Peter Smith just doesn't see the need to keep his investors informed on the goings on with this stock. It will take an announcement of a drill date to get investors back in the fold is my best guess. At some point Smithy can't keep riding on the back of NOT's assays to keep investors interested in his company. Then it again it would not suprise me to see the slow bleed in share price and then see insiders accumulate just before news of a drilling announcement. At what point will the exchange force FNC to at least put up a website? Come on Smithy this is the 21st century.


Best of luck to all McFaulds Lake investors. It looks like we are in for a wild ride this week !!!


Al