I've been watching NOT for the past month trying to decide whether or not to take a position. I'm a geologist and in the mid-80's and early 90’s I worked throughout northern Ontario looking for gold and base metals. I've since moved on to another career that occupies most of my time but I keep my hand in consulting.
Based on yesterday's announcement I accumulated today and unlike the long LONGS that have an average price of under $0.25 I'm averaged in at $5.57 and happy with it. After having invested in many juniors over the years I'm happy to let others make the big bucks on the highest risk/reward portion of the game. Me, I like to buy in when things are proven up enough to minimize downside risk while knowing that there is a good chance that it will develop into a mine with all the upside potential. For me, now was a great time to buy. I hold what I buy so I'll be around for a while.
I like NOT, the results to date are great, the potential for more is clearly there. Using fly drills means we will be chasing targets all spring and summer. All the JV's means that information will start to flow pretty consistently from them for the rest of the winter drill season. Add the news of forth coming announcements on the re-assays for rhodium from previous holes, the DE2 assays, the 'ghost' drilling, resources estimates from DE1, a move to the main index and more and it is pretty easy to see why there are so many NOT believers here.
.... Been There