What has me excited about this luncheon presentation are three items:

1. Noronts goal is to become a Major in Canada

2. Goals for the next three years involve M&A Activity - not selling the firm but buying other firms.

3. New Slogan - "King of the Ring"

These three bits of information tell me that Management is very bullish on the Ring of Fire and so much so that their strategic vision is to cut good deals while they can for additional territories to lock in mineral rights and control. I am certain that this was the message that management wanted sent. Doesn't look like the Intitutional Investors want to give Noront away, at least not yet. No deal under $10 share will happen..

Clearly the two year lead on exploration is pointed out so retail and others are not concerned when we go on our buying spree here in the next 6 months. Arbitrage is the easiest way to make good investments... Noront knows the geology of the area better than the claim holders. It would be very interesting to know the strategy involved in buying the other claims. Can't wait to start screwing farmers out of the land where we found out the mall was going in... sorry... that was crude...

As of late I have doubted that Eagle 1B and 1C were anything other than the size of Eagle 1A. Now I now my speculation has changed... I think the signalling is definately that we have the goods in a major way, and if we have drilled up to hole 58 - than we have had 9 deep holes to figure things out. I would be willing to bet right now the geologist at Noront could tell us within a million ton the size of Eagle 2B.

But anymore I try to keep things under control so I don't have to deal with the emotional highs and lows of owning this stock... I swear only Bi-polar investors should own Noront!

Back to therapy tomorrow! But at least I will be back in the manic stage that I so love!