"Alot of investors do not take opportunity costs seriously enough."

I agree whole heartedly Glorieux. The opportunity cost with NOT is costing investors not only the 64% that NOT is down this year, but the 50% - 150% one could have made if their money was invested in any one of 100 good stocks out there. Therefore, unless this BOD can make the investor, (for argument sake) 150% + 64% = 214%, 214% we are under water with this company. And that is only for one year. What will happen next year?

IMO, your entire post is bang on Glorieux! I'm surprised the institutions are putting up with this BOD. Maybe because some institutions are getting their palms greased, not sure. The ones that are not getting their palms greased are leaving, hence the share price. Exploration is not this BOD's forte... hate to say it, but they got rid of the best with Harvey and Mungall(sp), not to take anything away from Jeremi. Too bad all 3 couldn't have worked together.

Looking at Cdn Insider, I see Joe hamilton is using NOT as his own personal ATM machine. What's NOT's burn rate again? How soon will NOT have to go to the market again for cash? $XX Billion of ore in the ground divided by 500 million outstanding shares = ?? (not as much as if the outstanding shares were 250 million). Or how about a 1 for 10 reverse stock split. How would that sit with people? It'll happen, check out TBM.

I'm not saying anything here people don't already know, but NOT needs to get drillers that know what they are doing, and find some more nickel...before PDAC IMHO.

I wish I had something positive to say...I'm getting tired of myself and all of this negative sentiment...hmmm...I made money on PZG, there that's a positive. ;)

Cheers everyone

MGB