Lacklustre news? How can you consider the expansion of Noront's interest throughout the Ring of Fire area lacklustre?

Every jv, whether it is with NOT or between other companies, such as SPQ/KWG/UC, increases the partnership between the companies.

It also presents a better working relationship for when the majors come knocking.

Everytime I see a jv announcement, I cheer. But, I also know that this is not a zero sum opportunity, as every single hit in the ROF shows the market that this is not a one trick pony. Just as the market scoffed at the $2.1 billion insitu estimate, I bet they paid attention to the 43-101 from UC resources. That is why I own a basket of stocks in the area, not just Noront.

The market manipulators did not stop on their own - the combination of news releases of late have them covering and waiting. Some attempts to run the price up will be made, but they are in buy low sell high mode, which is not quite as harmful to SP, but just as dangerous to the retail investor who buys at the wrong time.

This area, as Neil Novak has said, is very fertile with metal. The hit rate on 200 holes is incredibly high. This is in part due to the precision of the research done before the drill bits hit dirt. The other part is due to the fact that the minerals are there, and in large quantities.

What do I think? By the end of this drilling season (fall freeze up), the various companies drilling will have hit a number of significant finds. They will spend the winter season drilling these out to delineate and next year this time we will have a number of 43-101 estimates. In total, they will be enough to make the market nod and the majors drool.

IMO. Do your own DD. For the record, I am long on Bold, Noront, Spider, KWG, Freewest, UC and Probe.