I have been paring my small caps to mostly only those companies that have a good cash positions. Explorers need to be able to borrow or they die, UNLESS they have the cash or real immediate promise by which to raise some. Even this will be harder and harder to do as the world financial crisis continues. That's ANOTHER reason why I feel so comfortable with NORONT. They have the cash, so no need to borrow. With inflation, metal prices will continue to rise. This Metal is real. This Metal is needed (nickel). This metal is desired as a value store (Gold). What safer place to put your money then in an explorer who is at the start of two fantastic discoveries and has plenty of cash.
Commodities are risky!?
Folks may need to rethink their idea of what is risky. The dollar is losing value daily. Returns on money market accounts do not cover the loss in value. For the same reason US treasuries are risky. CD's are risky. US Cash is risky. And while other currency are doing well now in comparison to the dollar, they are in the same boat - fiat money given worth only by the peoples trust in that worth. NOT is a much lower risk, IMO. She has something that people want. Only question is, how much does she have?
BK