Amazing what crappy commodities markets can do to our outlook.

Back in Feb, when I first got into the Noront craze (I have been following Spider for years) everyone was talking about $15 by summer with buy out potential in the $20-30 range.

Obviously, those dreams will be delayed. The US is sinking into recession, and as the world economic engine, this will dramatically affect the demand for commodities. Even the growth of China and India will depend on the US consumer market to buy their exports, so a US market slowdown does have a global impact. If the Us doesn't buy, then jobs in Asia will see a slowdown in growth, which leads to the middle class in Asia slowing in their ability to spend. I don't know anything about chaos theory, but this is chaos reality.

So what does this mean for McFaulds Lake area? It means that the players will continue to explore. The news releases will continue to come out. And they will continue to cause no excitement, as there is a slowdown in the need for commodities.

However, the minerals are going nowhere, and when the excitement of commodities returns, these juniors (and us steadfast stockholders) will have their day. I can see this being about 12-18 months of languishing, as the markets readjust themselves. In that time, the ROF area will be much better explored than it is now, and I have no doubt that the economic tonnage will have been found. Maybe the Ontario government will create a road as a make work project, hehe

In the end, I think that we will see our $15 SP, and will still see a $20-30 buyout, once the commodities markets rebound. And they will. There are over 6 billion people in the world using the metals up, and with the exception of this decline, we are doing it at an accelerating rate.

Hold fast, we'll have our day yet.

(please do your own DD, this is just IMO)