Hi all,

Spent most of the evening sleeping and then woke up and decided to check the boards.

Just some short thoughts on today's NR. It is good to see some more drill results come in above .30 ounces per tonne AU. This is the general cutoff point when deciding to make a go for a mine if the tonnage is there. Most of this NR was designed to tell us that their is significant work on-going and that the company has not forgotten about Windfall.

The two part of the Windfall NR that got me excited had nothing to do with drill results. These were the stock options for the new geo and the latest outstanding share count.

First the geo: To offer him shares at the closing price from two days ago shows that they really believe this will go higher. I remember last year when they gave all 9 directors and employees (the secretary?) stock options just before Christmas at .75). These looked like duds throughout most of 2007 and yet they now look like gifts. Just takes some time to get to that place.

At $3.35, you are pretty much saying that "here is motivation to get things done". No discount. No freebies. Just another sign of integrity by the company.

Next, the company added this to the bottom of the NR as they usually do:

"Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 98,847,807 shares issued to date."

The warrants are being taken out. Last month, I talked about why it was important for the warrants to be taken out (the shorters who possess them use them as a safety net each time they short). Add to that number the fast tracked warrants they are calling in the NR and we are over 100M OS. That leaves 20M warrants and options to go. I am not worried about the options as the Noront management would not short their own stock. Heck, they don't even trade their own stock it appears from the records. If I owned the company I would be selling a regular batch of shares each week regardless of the price to just set an expectation that it is a regular draw rather than an "oh my gosh, he just sold, what does that mean" type of event that will happen the first time Nemis actually sells a share.

Overall, I am happy with the company events of the last month. It has been just a month since we started to take the big jump and we are still trading in the mid $3s. And we still have the much anticipated double eagle hole 5 results to look forward to.

NOT has also revamped their communications approach. Not only with Agoracom, but seven news releases of substance in three weeks. I remember going six weeks without hearing a word last spring. A much improved company in this respect. It has always been a great company for the properties they have owned. I believe now they know that it takes more than just great properties to make a good trading stock. One must also get the word out. They are doing that.

Mr. Nemis presentation to the brokers at the Amex club last week should not be overlooked. I believe this was the first time he has been able to present to Bay Street. After Windfall last year, not a single mention of the record find was mentioned in the regular news channels. Sure, Northern Miner covered the story, but it really did not get the coverage it deserved. With the new find at Double Eagle, we are definitely getting attention. This is a nice change.

So I just want to close by saying "Great work NOT staff". May we all get rich together when the full value of all these properties is one day revealed.

M1.