Good points Coswil! No musings for today as I am both a little shocked at the share price of late but also secretly laughing at the prices shares were offered at today.

I sold out all of my positions in other stocks to buy 50% more NOT today. All of my positions. Maybe not the smartest move in the world short term but the fundamentals are there and the price hit lower today than the close a year ago just after news broke.

Tomorrow we will see the 52 week low of $1.85 (Sept 11, 2007) replaced by today's close of $1.78. This is astonishing. In that year we have learned of the drills results at Eagle 1, Eagle 2, visuals at AT-12, the Blackbird chrome, raised 42M at $4 and $5 a share in a PP, and have a dozen or more JVs. Four drills running, a estimated reserve of Eagle-1. Oh, and a little something called visual gold during the ramping at Windfall.

On second thought, going all in today may be the smartest thing I did since I went all in the last week of August last year at this time.

The tide of the market has dragged our NOT ship out to sea a little but it is definitely not sinking. If we wait out the storm we will be back in port in no time.

The amount of new JVs going on in the area this week (not involving Noront) is a sign to me that this area is the real deal. Investors will not be content with the risk of putting a drill in the ground and hoping. NOT will increase in the future as they are not exploratory drilling and hoping, but follow-up drilling and confirming.

My heart goes out to those with FNC today (and PRB and BMK earlier). In reality, the drops are comparable to what Noront has suffered over the past three months since its high of $7+. Only in these cases it all happened in one day. A return of Noront will likely create a return of those stocks as well.

M1.