If Double Eagle had not turned into the major discovery it is, I agree the share price would not likely be above $1.00, considering current market conditions.

In my opinion, the value given to Windfall and Burnthill should be considerably higher. With all the drilling data to date at Windfall, combined with the fact that an exploration ramp is in progress, I think its real and speculative value is much higher.

Burnt Hill has great potential. Richard believes it will go into production. At the Shareholders Rights Plan meeting last June he expounded on its virtues......he said it is the one project that he wishes he did not JV..........We do maintain a healthy share of the project, however, as well as shares in Cadillac.

And then there is China.....RN has alluded something substantial there.......he expects to have a story to tell us this spring.

And then, of course, all the other properties. As I said above, the value of Noront's other properties is currently grossly underestimated......time will show this to be true, IMHO.