Good Morning NOT

When Kaiser comments on Mcfaulds being potentially "the Greatest Canadian Area Play ever," that is saying something. This guy knows his stuff. As a subscriber, I can tell you, I am and have been pleased with his insight. But, to make this statement, this tells of the amazing potential Kaiser believes Mcfaulds could possess.... Mdfaulds reminds me of young Michael Phelps about 4 weeks ago.

I’ll admit, I sometimes wonder if Eagle 1 will be the only really high grade Nickel we find. I’m a bull on NOT, of course I am, but, the mind does wonder… and then suddenly, I look up, and out of nowhere there it is, a big chunk of Blackbird excrement hit’s me square in the forehead... I see white and I’m back to reality…we have one hell of a find. Lets keep our mind from wondering and our eyes on the prize.

In saying keep our eye on the prize, I truly am somewhat apologetic to again post on the nonsense in the US… skip a few paragraphs if you like… but, lets make one thing clear… I think the whole commodity story is the inverse, polar opposite, choose your term, of the paper fiat world the US and world financial/banking system is.

As shareholders of NOT, everything we are looking for is real… it has value, there is something to it… it’s not printed, it’s found and it has substance. Our commodities are not based on pro-forma, although we can dream…lol …Our stuff has no obligation attached to it, unlike the nonsense in the financial crisis we are watching. So, as I digress, come along with me for a moment. As I see it, we NOT shareholders will benefit tremendously from the folly to the south. (welcome Windfall.)

Aside, does anyone here really believe FNM's only purpose for existence was to lend money for housing. Aside from enriching many Wall-Streeters and company execs along the way... how on earth did this company continue to trade when they couldn't for years report an audited quarterly financial statement? Is no one going to go to jail for this? Like in the next 30 days… tulips and mortgages.. what a ponzi we are about to see collapse. If there were found a new breed of Tulip, I’d consider naming it Fannie Mae, to remind us, and our kids, of this horrible episode.

You'd think a company with such importance as FNM would own a few computers and would have plenty of information at there finger tips regarding their mortgages and the state of their business... what could be so convoluted to not produce an audited financial statement?… especially when it comes down to trillions of dollars worth of loans.... oh, wait a minute....

Shouldn’t this be the scandal of the decade… bigger then Enron/WorldCom, Martha Stewart and OJ Simpson combined? Alas, likely both parties are up to there elbows in dirt, and the US tax payer, or foreign bag holder, will have to pay for the unscrupulous nature of some of the wealthy and powerful.

I have a few questions… seriously. Do you actually need a house to create a mortgage to lend against? Can you figure out a way to package that phantom mortgage out to investors in Germany and England and Japan and China and Korea and no one know the difference?

I bet you could. I bet you could have multiple mortgages on a single property, or for that matter, multiple mortgages on many properties... you could do this if: no one was accounting for the mortgage properly and if the house and/or homeowner didn’t exist. Is that so far of a stretch… especially without financial statements for years and years. Apparently it is impossible to unwind these bundled mortgage products… I wonder why. But what if the mortgage went into default?

I have an idea, cash in the mortgage default insurance to make it all better. I wonder and worry how messy this housing situation could become.... why can't FNM act like every other company and produce audited financial statements? What on earth are they hiding?

I hope this shows the importance of having real assets, having stuff that has real value… that’s what we have with NOT… and now it’s only a matter of finding more of it and waiting for the world to catch on to the problem with paper.

Second aside, can someone here tell me what a "gold blank" is...? Are we going to find a few gold blanks at Windfall? When the US Mint says they are out of gold blanks, does that mean anything to anyone? I always thought a gold blank was the actual ounce of gold the US stamped their Eagle on. Is the blank not the metal itself? Maybe I am wrong and will be corrected.

If I am correct, why are guys like Dennis Gartman somewhat condescendingly, and with ridicule to gold fans, claiming something to the extent of "there is no shortage of Gold, there is a shortage of minting devices..." what does that mean...? Please, feel free to connect the dots.

My take, there is a shortage of gold (blanks). Do people just believe the crap that is shovelled on them day in and day out? I suspect there is a shortage of gold for making coins and the US isn’t about to dip into Fort Knox to get it. No conspiracy, just a logical supply and demand summary. Holy shit, what is the world coming to?… shortage of minting devices, is that comical. .. I would understand a shortage of ink or paper to print money, but not minting devices. lol

Back to NOT.

As I understand, we have 5 drills going... likely one on Eagle 2, Eagle 1, BB2, AT12, and a JV with WSR... which one are you most excited about? Honestly, think about where we are drilling and the potential for NOT shareholders that each drill holds.

Eagle 1, an extension of the original has tremendous implications... AT12, show me some more nickel tonnage and grades above 1%. For all the drilling at Eagle 2/BB1 does anyone have any estimate of what this tonnage is worth, or what the value of these finds are?... I realise we are handicapped due to Eagle 2 assays etc. BB2, keep proving up our monster chrome deposit. Last, but not least, the JV.... whether it's WSR, or FWR.... wow, wow, wow. ....

and a tsx listing, a major partnering, a neighbor hitting, and surely a Windfall.... bring it all on.

Do you get the picture? Does anyone? what an exciting time... oh and, 45,000 shares traded yesterday… what a day… and what a great time to be a shareholder of NOT.

not financial advise, due your own dd

regards

cwallace