Just a few thoughts:

How much control does RN and company have over the operations? It is my understanding that RN owns just under a couple million shares....Pinetree we know owns more than 10% as does Sprott....so I'm wondering who is really calling the shots here? (or am I wrong about the share distribution?)

A few of the posts seem to pick up on some subtle issues....like there's a holding back of some sorts.....I'm sencing that all the area plays seem to be holding back a bit....seems like nobody wants to help create wealth for the other area plays....this may weaken their own position in the area perhaps? Noront is not the only company stratigizing. This could also relate to my first thought....with some major money going into several area plays there could be a corrordinated plan.

Also, with respect to the JV's.....I'm thinking they could sit back with their agreement in hand....put very little up front....and wait for this whole story to develop....another major find will cause their share values to increase at which time they will do their own PP's to fund whatever obligations they have....if on the other hand....nothing new develops, then they just lose their initial payment.

Regardless.....I think we do have a winner here and I also believe that some but not all of the area players will do well too.

My own strategy has been to take some profits but to always keep a core holding.....there has been many opportunities to buy back in so it is working out well up to now.

Anyways.....just a few thoughts

Interested in other's opinions with respect to these thoughts as well.