On the 10day chart 15min intervals - Support from $2.50 - $2.62. Today, technicals suggested $3.05 would have been the ceiling of our trading range however a few large orders took out the entire ask up to $3.16 early on. The MACD fell through today at approx. $2.85 but appears to be in a position to give another strong signal perhaps even next session. On the 10day chart we are very much range-bound, and provided this holds it seems we will see a light dip tommorow to as low as $2.50 and then upward perhaps as high as $2.90-$2.95 over the next 3 sessions. On the daily we have nearly completed a well-formed wedge with downward pressure, and intense resistance remains surrounding $3. We are oversold and awaiting a positive catalyst.

No, it doesn't seem we are receiving due credit for other projects; in all fairness this is likely because they are not of sufficient 'present ' relative value to support the share price in the absence of Double Eagle. The market is focused on the James Bay area, and until such a time as Windfall is able to provide a quantifiable estimate of tonnage I believe the market will appraise this and other ongoing projects at $.50 or less a share. The true value of Windfall will in the very least be it's ability to provide future cashflows alleviating the need for further share dilutions. This will be a very welcome event come Jan and Feb 09'.

It would be interesting to see a revised Genuity Net Asset Value for Noront; a large part of the Prior NAV was attributed to PGM Mineral Belt Exposure in the event of multiple pods ($200 to $300m), if Genuity is still holding their shares (?) this may very well remain in the NAV even though tonnage is on the low side of their estimates. We are in any case due to receive a Genuity report any day now, which in itself will be another catalyst for the share price. Noront continues to actively explore and continues to sit on months of drill results which may be released any day now. As a result of this uncertainty, I would consider it likely that any analyst price targets would be set at a higher multiple of a revised NAV and think it is likely we will see targets remain above $3 even if NAV is $2 or less.

Our friends at JP Morgan exist to liase between Richard and potential suitors. I expect that results are available but discussions must come first hence Richard's trip to New York.

Chris M