Enough is Enough

Posted by: d12 on July 17, 2008 09:21PM

A week ago we were all upset about NOT's share price. We all knew it was undervalued but it was drifting. What would the catalyst be to drive it much higher? We were down in the dumps thinking the manipulators were having their way with our stock. And they were, but suddenly we capitulated. Why? Was it the rumour of another hit? Or was it technically time? Who cares, we reversed. Today we get news of another strike at AT-12. I want to ask a simple question.

1. one week ago if you could have one wish for this stock, what would it be? What would be the best possible thing for the SP?

answer:

I'm going to take the liberty and answer it. The biggest catalyst for this stock is an external hit to Eagle 1. Well, we got it folks. We now have AT-12 with a 29 meter intersect. At this moment in time there isn't a single thing that is more positive for this companies short and long term success. The market wanted more, and they got it. It's ok to be happy folks. This is the news that we wanted, why are we questioning it? OH, its the Eagle 2 results, right???

WRONG, WRONG, WRONG.

I am stunned at what I am hearing people say tonight about Eagle 2. Mucker, you are either lying or you are not doing your research. These grades are economical. They are not great, but they are decent. These are tonnage adders. But by far the biggest issue I am having when reading the posts tonight is that people are writing Eagle 2 off. Whoa, whoa, whoa.

Does anyone realize these holes were drilled months and months ago? Does anyone realize these holes were not expected to excite? Here's a quote from the May.27 release:

"Latest drilling at Eagle Two (Anomaly AT2) continues to delineate, at depths now exceeding 400 meters vertically below surface, significant copper - nickel mineralization. The most visually impressive and deepest core intercepts of mineralization have been encountered in some of the most recently completed holes, indicating significant improvement with depth".

The holes released today were not the deep holes they are talking about above. They were talking about holes 40 and beyond. The release today was for holes 20 to 25. They already knew these holes weren't great. They were just average. It plainly states in the release that assays are pending for holes 42 to 52. These are the deeper holes that the above bolded paragraph is alluding to. NOW, why on earth do you think they aren't ready yet???? Is it possible they are being re-assayed? We will see. But for people to be writing off Eagle 2 for Ni/Cu before you see the holes management wants you to see is ludicrus. Please folks, read, read, read. Don't jump to conclusions or listen to bashers. You have to do something for yourselves.

With the delays everyone is getting easily confused. They are assuming the recent Eagle 2 holes are recently drilled. The fact of the matter is that even holes 40 to 52 were drilled around the end of May. So, where are we now? Why are we still drilling it? We aren't even close to being caught up on the more significant holes. I have had many conversations with both Nemis and Novak and they have stated that they will be drilling Eagle 2 for months to come and things are getting better.

These holes were expected. Its the next round of assays that are going to be interesting. The May.27th release pointed out that things were getting exciting after holes 40 and 41. I believe they added these holes to this release because they knew they weren't strong enough to stand on their own so they threw them in with the AT-12 strike. I think it was a great strategy.

I imagine the next batch of results will be much stronger. But this isn't just a guess, THEY SERVED IT UP ON A SILVER PLATTER FOR US. I urge everyone to reread all the releases and digest them.

Another comment I wanted to point out is that there are two seperate ore bodies at Eagle 2. There is Eagle 2, the Ni/Cu body and Blackbird1, the chromite body. Eagle 2 DID NOT turn into Blackbird1, they are seperate. This is straight from Mr. Nemis. We have two seperate occurences. So please keep this in mind, they are not the same deposit.

Blackbird1 could end up being the largest chromite deposit in the world. It is early at this point, but all indications thus far are extremely positive. This thing could be worth MANY, MANY billions. Yes, I said Billions! Nemis has already talked with many majors in the chrome industry. They have taken notice of this major discovery. Once the 43-101 is released the company will be able to discuss this much more openly. The market will understand soon enough.

I fully expect the bashers to be out in full force for the next few days. Afterall, we have just hit another Ni/Cu deposit 8+ km's away from Eagle 1. LOL. They will be pulling out all the stops trying to say that it isn't good news. I urge everyone to stop and think a little. What better news could we have gotten??? There is none. The bashers are going to try and point out that its too early to tell if AT-12 will be big or not. Of course its too early to tell but every deposit starts with a few holes. Well, we have our few holes. Now its time to discover its size. All I know for a fact is that at this point in time, this is the biggest catalyst for this stock....................don't let anyone tell you otherwise. Hold your shares tight. Take care all and remember, its ok to be happy. Its our time to shine.

sincerely,

d12