There is 3 paragraphs I particularly like:

That's just another illustration of an investing adage: Stocks are the only thing people want to buy more of when the price goes up and less of when the price goes down. Let's try to get past that, though, with a closer look at why the stock is down and at the fundamentals of its prospects.Big-picture worries have weighed on the shares. The stock is down because steel production in China is down (on falling auto sales, among other problems). The fear is that less steel production will cut demand for iron ore, which would lead to a fall in iron ore prices.

These fears are based on reality, but I think they're overblown. For example, while Chinese steel production has tumbled, Chinese demand for iron ore remains strong, and iron ore prices, rather than retreating, look likely to rise an additional 15% to 20% in the coming year. In fact, Fortescue has been able to sell future production to five Chinese steel mills for a $275 million prepayment spread over the next few months (which also helps with the company's capital problem).

The Australian economy is dependent on commodity exports, so if you think China is starting to rev up growth, then Australia's economic problems are likely to be relatively short-lived.

Many of those comments apply directly to Noront!!!

Glorieux