To be clear, I'm not choosing sides here: I'm not advocating complacency or militancy; I tend to waffle all day long depending on the most recent post I've read. I just simply choose to look for any upside I can.

1.) The board seems pretty confident they can exceed the gains of the TSX-V by 125% for 10 days to get their options. ( That's off the top of my head, without double-checking, plus I'm a little under the weather and thick-headed today,so don't string me up if I get it a little wrong).

If this truly is the last gasp of the hedge funds being forced to sell to meet their redemptions, and the Comex contracts come due next week, and talk of a return to the gold standard making it's rounds, then we really could see a sharp bounce in the markets, even as a flight to commodities vs paper begins. And of course Canadian markets are inherently resource-based, so I like the fact that Noront BoD thinks they can outperform the market.

Things could look a whole lot different in a couple of week's time: I know Grandich had even said to watch for a re-test of the October lows; looks like that's what we're seeing now.

So, I guess the best scenario we can hope for is the Venture rallies by 100% or more and then Noront has to beat that by 125%... here's to dreaming big!

GLTAL