All of these stocks are considered as sideplays to the Noront properties. These include:

MUG and FWR (adjacent to the north of Windfall). Noront has an option for 60% of some of their Windfall claims lying in-line with the Bonanza grade zone. A look at the 3-D map at the Noront web site shows that two zones exists on that joint ventured property that NOT will investigate with the ramp as part of an 8 (9??) zone ramp effort.

SPQ (adjacent to the Double Eagle find, as is FWR on the other side. PRB is also in the vicinity. It is important to read the NOT releases in detail as this provides clues as to the potential of these side plays. For instance, after drill hole #1, a hole was drilled 100 metres to the North (still on NOT property). Nothing was found. They then drilled 50 metres (half way inbetween) and found an excellent hole. This tells me that anything past 100 metres to the North of hole one is likely to be a dud. When a side play says they are only 300 metres away, that might as well be a 50 miles if their land is made up of duds. SPQ sounds like they have found some results in a different zone. Regardless, NOT having a bonanza find at Double Eagle does not mean the other will. Remember, these companies have been drilling for years in the area and are still awaiting a hit. I am not saying they will not hit, but are you prepared to wait a few more years?

I avoid side plays as tempting as they are due to the low share price. Not to say a person cant double up on the hype of a side play, but history shows that they never perform as well as if the investor just invested in the company that found the proven goods. ARU is a great example. . 60 cents to $40 over three months in 2006. The side plays are finding nothing.

It is important to note that all of these companies are inbred anyway. Check out each of the side plays and see who is on the boards of each. In most cases these are the same people working at NOT. The good properties seem to be JV to NOT as NOT has the cash, and the smaller companies are hoping to ride along. But they can only ride on the side plays, as they do not have an stake in either the Windfall Bonanza zone or the Double Eagle which is 100% owned by NOT.

For the money, I would invest more in NOT than the side plays. Either that or take the money you would have spent on a side play and diversify into another company that is still under valued due to the recent market crash. There are still a bunch out there. Regardless, NOT is outperforming them all.

Just my thoughts,

M1.