Something interesting that I am noticing.

10 days after the Baosteel deal closed between Baosteel and Aquila Resources Inc., a SIGNIFICANT l resouce NR was announced. The 3rd link below is a chart.

What is also interesting to note is that Baosteel bought Aquila (AQA) for $6.50 per share. If you look at the chart the price stayed in the $5.80 range for a bit after this announcement. The market gave a 11% haircut to the stock ....initially.

In our case if I take the Baosteel price and use the same discount multplier ..I get 77 cents per share. Right where we are hoovering.

Look carefully at the 3rd link which is the chart. If you look at the chart at the end of Aug.2009 you see that the $5.80ish price lasted for about 1 month. Then the stock price moved up significantly. 4 weeks after the Baosteel deal was announced Aquila had a very good financial report NR which started the move up and then they had a significant change in their resource. Their 63 million tonnes went up by 93 million tonnes (wow) turning it into a total of 156 million tonnes.

You can see the over $10.00 price in Dec. of that year.

I look forward to Noront's change in price direction which will come.

Once we see the infrastructure announcement and or drill results..our lives should become better.

http://www.aquilaresources.com.au/files/Baosteel%20Transaction%20Completed.pdf

http://www.aquilaresources.com.au/files/West-Pilbara-Iron-Ore-Project-Hardey-Resource-Increase1.pdf

http://hfgapps.hubb.com/asxtools/Charts.aspx?asxCode=aqa&compare=comp_index&indicies=0&pma1=0&pma2=0&volumeInd=2&vma=0&TimeFrame=M2