These past weeks have been tough to watch as paper-losses show on the account balances. I have tried to be patient and find myself quite disappointed in the SP. With that being said I still find myself not being able to resist the lower price and still averaging down to accumulate. I find that even though it looks bad now when you plug in the current price I sit back and try plugging in $7,8,9 and am reminded of the reason I am investing in NOT.

I think of the drill results, management team, JP Morgan and IBK, JV, majors eyeing the area, the PGE's and gold, stock interest in the community, Windfall (not forgotten, seems like it though), Burnthill and China etc.

Then I look at what we are currently facing regarding market cycles, assay results pending, tonnage questions, base metal out of favour (for now), tax-loss selling, credit issues, market sell-off's etc.

I am holding tight as I understand and belive the turn around will be soon at hand in the new year. Far to much potential it will take time to prove this up. But they will we have new JV's coming, we have new assay result coming, the company will enter 2008 with a lot going on what holds me is what it will look like after 2008.

It is true we do see cycles in the market regardless of fundamentals or sentiment. The TSX has re-traced this pattern twice in the last year and has bounded forward time and again. NOT is a stock like the rest in the market it gets pulled along the tides and waves and sometimes as much as we think it should act the way we want there are so many things out of our control we need to re-visit our core investment strategy and ask yourselves are you where you should be? or in to deep? or behind the game?

Just my thoughts sitting here watching the market today good to see the bounce off 3.98 to 4.10 during this post.

OT- for those looking at a tax-loss sell for the end of year don't forget you can not re-purchase the same security for 30 days from the settle date. I know I could not watch if I had to be out of NOT for the next 30 days.

Regards diamondj