Babjak, I think you are taking Doug's commentary far too personal, and you are getting too into the details.

Personnally, I think that you both may have touched on something that might just explain why we are not tracking with the other ROF plays, and it has to do with the amount of stock held by the institutions. Noront has the largest market cap in the ROF, and by a fair margin. It also has the greatest percentage owned by institutions. These two factors expose us to inter-trading by players who get paid to make money on penny differences. I think he explained their methodology well enough.

As to our price falling while the commodity prices are rising, this too makes sense. Since we are not producers and the economy is in the dumps, there is less capital around to be left sitting in long term plays. So, money is taken out of Noront to be put into commodities.

The market is who sets the SP, and the only thing that the BOD can do is try to keep the market aware and interested. But they have to do this in a careful manner, so as to avoid the 'boy who cried wolf' effect. Of course, if the BOD were to get off their collective a$ses and get us onto the big boards, this would be much easier. I am sure that they feel there is a reason for lying low (to avoid an early takeout?) that they cannot communicate to us.

All of the ROF companies have boards that consist mainly of geologists or other technical personnel, as they should be. I would rather have a board consisting of professionals that are able to decide the best way to find resources, than have a bunch of talking heads.

That being said, the ROF companies as a whole really need to get their heads together and communicate in a planned, intelligent manner. I have emailed all of them in the past and stated this, and the response has been that there are conflicting desires among the companies. Funny, I thought that they were looking for resources and trying to raise funds to do so. That won't happen until the egos are put aside.

I think that as we start to see a real move towards putting infrastructure in place, our price will not only stabilize, but all of the ROF plays will start to see a steady, perhaps sharp, rise in SP.

Our day is coming, but I don't think that it will be until there is movement towards getting the ROF into a development phase.

Cylinder