The Coffin brothers recently made an interesting observation regarding the junior explorers trading on the Venture exchange.

"Strange as it may seem, we expect the junior market to outperform the senior ones, at least in percentage terms. That is based more on the pounding that has already occurred than anything else. While there are many that have turned their backs on resource stocks the strong volumes in the past month and the number of stocks getting stronger bids now point to some continued interest. The chart below gives some interesting perspective. It charts new highs minus new lows for the Venture exchange. After a horrible pounding this measure is back where it was early last summer. While it’s not at bullish levels by any means its indicating the worst of the bleeding is over."

They go on to note:

"A number of explorers with real discoveries have seen pretty strong price recovery already. It’s important that a company has a project that can generate truly superior results and its imperative the company have enough funds to carry it at least through 2009. Companies that meet those criteria are seeing renewed buying lately."

They conclude with the following remark:

"Smart news flow that doesn’t empty the treasury will still be better than no news flow. Winning explorers should be able to get attention in a market with little competing news. Bad as the market may feel at the moment, we are out looking - very selectively—for tomorrow’s winners. Those companies will still have their day in the sun."

Noront is the best positioned junior explorer to match all these criteria, and with fund managers and investors looking for a place to make money in this tough economy, our results should attract more and more attention. I'm looking forward to a prosperous 2009!

To read the entire article, you can click on the following link:

http://www.kitco.com/ind/Coffin/coff...

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