Better hope FNC or FWR finds nickel to help NOT reach a mine wrothy 5 mil. However, even if this December, ROF reaches a total of 5 mil nickel, we will continue to see a sell off just to take advantage of Canada's tax breaks. So this is a great time to bottom feed.
The gloom and doom folks predict US financials are on the brink of getting much worse as Bailouts increase habit of debt borrowing out of country instead of allowing free market to correct unsupportable companies and allow successful companies to grow -allowing for a time of pain and then correction.
They may be wrong or right. But either way the realistic know that institutional companies see this as a great buying opportunity to stockpile their resources. China and India will be growing not at 9% but 7%, Obama will be make an FDR-style-infrastructure-build-a-pav... recovery attempt. Oil will rise in price again increasing transport prices, making Canada more desireable for it's US proximity. Some predict that commodities will increase in demand and in 6 months all commodity stocks will rise again. So it truely will behoove us to give the majors something for a buyout. Jointly FWR, NOT, FNC need 5 mil for a nickel mine.
I want to see NOT, FWR, and FNC work together from here on out. So even though we longers feel the pain of decreased stock, do not fear. In 6 months we will rise again. FEAR AND GREED drives stock. The majors are gitty with greed. If they feel gitty, so should we because they continue to desire what we've got underground.
Stay in there till summer of next year.
Stock Greed