It's a difficult call for how many news releases are warranted. I know of companies that I have ownership in that issue too many news releases and there's one that just issues progress information on their drilling program with their three quarterly reports and the final annual report. I have advised both boards of my concern in their extremes.

Although I will always respect the right of others to be heard, I have never once thought of contacting the board with any concern relating to, either too many or two little news releases.

You see, I respect and trust Mr. Palmer to make decisions concerning what is appropriate in all matters relating to our company and its owners.

My take on Mr. Palmer's proven management skills is that he has a conservative criteria towards making decisions. The man wants to go with probabilities strongly in the favor of his shareholders. He also impresses me as being an in depth thinker with broad perspective and imagination.

Who brought us to the Mcfauld's Lake area, he did. Who starting staking claims way before many of the other companies, he did.

This is my analysis of the man's restraint to issue an abundance of news releases like a sportscaster reporting the play by play action during a hockey game. He is more than likely totally confident in the outcome of our stated plans of activities to unearth another motherlode on the lowlands based upon the high background occurrences of metals within a very short geological distance from Noront's discovery.

Did anyone ever think that he might currently be subjected to pressures to do another offering and he has flatly said no to save dilution to shareholders. He might have said, you'll have to go to the market for your shares. During this period of not releasing a whole bunch of news he might be thinking, let the shorts keep leaning on the stock while the rebuffed interests buy at reduced levels. He might be thinking, I know what's coming and it won't make any difference when it arrives, the shareholders will more than likely come out better with the value of their shares.

He also may think that when the spectacular news is ready for release that higher prices will be locked in better for his shareholders as opposed to creating many buying flurries with positive releases which could bring out more traders and more selling along the way and hamper established higher levels.

What I foresee in the very near future as the result of contained releases is that when the big one comes it will be a real shocker to the market and there will be many more buyers as opposed to some that may have been used up from the potential buying reservoir with too many releases.

I think Mr. Palmer doesn't want a repeat performance of a fast run-up like we had earlier that didn't hold while shareholders had to experience an unpleasant and significant decline in the value of their shares which may have freightened some.

I just think, maybe, we need to give our president, who has brought us along this far, support in continuing to make the right calls.