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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Cambridge Conference - McFaulds & Spider

John Kaiser stated that with good drill results Noront (NOT) could be a $10 - $20 stock.

The term "bagger" refers to multiples of upside increase e.g., 2X, 3X, 4X, etc. Therefore, at NOT's present share price, a move to $20 would be a 2-3 bagger.

Another poster - Longshot7 - feels that NOT will be 10 bagger. Entirely possible. Butttttttttt, it all depends on what's in the ground. At this point, we really don't have a good idea the size of mineralization at McFaulds. We have had some glimpses. It may be huge. The fact is that NOT is first out of the gate at McFaulds. Some people have already made good money.

As for SPIDER, it has some good property and lots of it (if you don't mind a mosquito infested swamp). Spider was one of the first juniors at McFaulds, and worked hard to raise exploration cash (at less that 10 cents a share!). But the technology used to explore the potentially rich nature of the McFaulds area was not up to snuff, or the data was mis-interpreted.

I'm sure that Novak et. al. are aware of the number of outstanding shares, which helps day-traders, helps pressure the stock on the downside, and generally keeps the stock from reaching its market value. However, with good drill results from UC Resources (or any of the other juniors, for that fact), there will be strong upside pressure on SPQ.

So how many "bags" will SPQ acquire? 2X, 3X, 5X, 10X, 30X?

Stay tuned.

Snug

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