On July 15 and July 16, our share price goes from .63 to 1.42 in two days on 35 million shares traded. Rumors surface about assay results and a step out hole. Since that time, assay results come back on hole 49, which turn out to be quite good. However, recent results indicate nothing found on any stepouts.

What's puzzleing is this. On those same two days, FNC runs from .16 to .66, trading over 3.4 million shares on July 16 alone. The other big winner on those days was BMK, which ran from .06 to .18. They also have property to the south and east of eagle 1.

I haven't seen much comment on step outs except to suggest we need one to support our share price.

I found it interesting....the wording with regards to hole 50 as follows:

"Hole NOT-09-50 was not drilled in the Eagle’s Nest conduit but tested another conduit 200 meters to the south-east

of hole NOT-09-49 with no significant results. This hole was planned and executed as a platform for borehole

electromagnetic surveys (BHEM)."

The first part....hole 50 was not drilled in the Eagle's nest conduit but tested another conduit 200 meteres to the south-east of hole 49. OK, so they make this big find with hole 49 and the next hole is to test another conduit?

Then they go on to say...this hole was planned and executed as a platform for BHEM. OK, so this was a multipurpose hole?

The other thing. This hole 50....I was looking at the weblink for the drillplan....looks like this hole 50 was not drilled very deep....or am I reading this wrong. How many meters down did they drill this hole?

I have a theory that NOT is in the background trying to work out a deal with FNC. Perhaps FNC doesn't want to accept any deal with these guys. Can't blame them after what happened with RN. Also, with respect to trust....people are very quick to forget...the windfall thing....what were those assay results?

Regardless.....eventually, NOT will have to do some deep drilling towards FNC. If my theory is correct, they will hold out for a very long time before doing that. This may hamper our share price as they will only be able to expand the resource in the other directions. Perhaps, this could move forward if FNC accepts the deal and all will be happy.....assuming of course that my theory is correct.