Good morning. Overseas equity markets mixed today, Asia is up with Europe down slightly. US futures pointing to a flat opening with a downward bias. On the economic calendar today in the US we get numbers on the Producer Price Index at 8:30 am a key inflation indicator. The real biggie will be Intel's first quarter results after the market closes. With the $US near record lows commodities should do well today. The S&P is sitting on a key support level, I'm expecting a wild day with a huge move in the indices. Just not sure which way. My bias is to the upside.

Back in McFaulds Lake our leader NOT had a good day yesterday however it was on below average volume. Rumour is we should see a news release today. Assays are expected at any time, hopefully today is the day on that front. A news release telling us the number of wts that were excercised from last weeks deadline is probable, just don't think it is a biggie that will move the stock. We definately need some good news from NOT to get McFaulds Lake stocks back in play. There is a rumour on the BullBearBoard's that NOT has made another hit, this time on anomoly #4. Personally I think buying NOT at these prices is a good bet.

Word out of FNC, is Smith will announce a drill date sometime this week. For me, seeing is believing, when it comes to dealing with Peter Smith. Perhaps the share price flush out from the past few trading sessions is creating a good buy opportunity for those that are looking for an entry point. I plan on taking a position again in FNC as soon a drill date is written in stone.

I hear from PRB that past assays that were sent to the lab were never tested for pgm's and the plan is to send core samples back to the lab for a retest. These samples are from a few years back. It sounds like a stretch but would be great news if true.

Once again FWR looks like a good bet to accumulate for those with a longer term hold, frame of mind. The property that FWR has 100% ownership in to the NE of DE1 looks to be very promising. The geology of this anomoly is supposedly much like NOT's discovery and in fact may be part of the same find. Buying on share price weakness and tucking a few shares away may be an excellent strategy going forward. JMHO

Best of luck to all McFaulds Lake investors. May today be the day we get some knock your socks off assays from NOT !!!


Al