Tuesday morning thoughts
in response to
by
posted on
Jan 29, 2008 12:52AM
Discuss the various junior resource companies within the McFaulds Lake Area
Finally..McFaulds Lake stocks had their day in the spotlight. NOT releases a fantastic set of assays and it got investors attention. Personally I unloaded my position in NOT yesterday that I picked up during the correction. I have this take a profit when it presents itself personality defect. I loaded back up on the pulls and resold several times. Still have a small position and will add on any weakness today. It sure is nice to see NOT, back in play again.
However great yesterdays assays were, the one thing we have to remember is it really didn't add any tonnage to the play. However its hard to argue with the kind of #'s NOT puts out assay after assay. This stock simply has the richest discovery in the history of mining, I dare anyone to show assays from another stock better than what NOT brings to the table, hole after hole.
I did a couple of calculations today on what some of that dirt was worth in Hole #27 and came up with $2,415.63 a tonne on the 46.2 m section and $3,026.73 a tonne on the 35.6m section. You don't need many tonnes of this kind of paydirt to make a mine. And these calcualations don't throw in the possibly of Rhodium being in the equation. Simply awesome #'s, next time someone tells you NOT is a small orb tell them perhaps, but they have ore in their orb 5 to 10 times richer than anything else out there.
Looking at yesterdays #'s from NOT, one can only dream what will happen to McFaulds Lake if FNC or PRB, the two proximity plays, can pull up NOT like #'s when they drill. They certainly have the potential.
Fasten your seat belts, McFaulds Lake is back in play !!!
Al