Good evening NOT.

I will get back on track to NOT shortly... how could I not start with Bear Stearns.
I am concerned that people feel Bear Stearns was had at a firesale price... there is no free lunch and there simply are no other suiters.

Someone had to take over Bear Stearns. JP Morgan, with help from the fed, stepped in. I suspect no one else will bid as I simply don't see the fed backing another bidder. As for shareholders turning this down... you can have $2.00, or sell now for plus $4.00, or have zero later.

The $30 billion from the fed should help reduce risk to JPM, somehow I suspect there is more risk in Bear then this $30B. This nonsense about the building being worth $1.2-1.4 B and that alone warrants purchasing Bear... this is nonsense.

Consider this, sure the building may be worth $1.4B, but, imagine if this building had a $50billion dollar obligation (mortgage) attached to it and all you did is assume that mortgage to take title.... I know it's a reach but, for the board of Bear Stearns to sign off on this, clearly the situation is dire.

Returning to NOT... technically, this thing looks great. There appears to be a "cup and handle formation" forming, currently working on the handle.... if so, good things to come. I am of the opinion that these formations generally reflect the news.

What could force this formation to break higher from the handle? Multiple pieces of good news over the next few months. If there is good news, the formation will look obvious in retrospect.... it sure looks like it is shaping up with such potential currently. There is no free ride with technical analysis, but, a breakout of the handle would put Canseco's target of $11-12 etc in play fairly quickly.

Nice to see Sprott with some good things to say about NOT. They are "continuing to buy because of the geological interpretation of the nickel deposit." That's the same reason the rest of us are here. These things come in clusters and if assays from #2 are anything close to number one... we will actually get some speculative premium built into the share price... for real.

I agree with Donypee and others, NOT get's no credit for Windfall or the other projects. I feel it is a waste of time to try and compute the current value of this stock using a piece meal approach to the projects. We are not here for piecemeal, we are here for a significant nickel PGM find, and/or a significant gold find.

If you believe either Double Eagle or Windfall has the potential to be a home run, don't rely on fundamentals, (current drilling etc) to conclude this, as it simply will not add up.... You will need a leap of faith, or atleast to examine a geology textbook, to determine why the odds are stacked in favor of a massive find. If Noront hits high grades at DE2 and DE3, this stock will go crazy upwards. If you wait for the announcement, you will buy in higher and likely make good money. It is the leap of faith( or knowledge) of owning NOT before the rest of the world wakes up to the news that can truly enrich. We don't know for sure if we have the tiger by the tail, but, at these prices, I am willing to speculate.

PS: Inflationary times are here and coming full speed ahead.

not finanial advise, due your own dd

happy saint patrick's day... and if I have a bit more edge, it is the guiness. cheers.

regards

cwallace