Good morning folks,

There seems to be alot of negativity regarding how the BOD's are running things. So they are tight lipped on NOT's drilling progress, they do not waste their time with us small retail investors, they do not put out enough news, the list goes on for ever. Certainly the complete opposite of how Richard Nemis ran things. In any event, putting all things aside, the end result is what will count.

To put things in perspective, look at any company in the mining sector that currently trades on the Venture. It is obvious that most of them are doing far worse than NOT. In fact, their share price is trading below 10 cents. We still have money to ride this rough wave, and thats a positive.

Let us be patient, lets give the new BOD the opportunity to prove themselves and further expand the nickle and chromium tonnage. With respect to chromium, the markets will soon begin to realize chromium's true value. The ore is there! Its just a matter of finding it.

Once the markets and the economy gets their apetite back, we all know that NOT will be the first horse out of the gate!

HAVE A NICE WEEKEND

R.S.