Talk about whipsaws, the worlds indices are blood red again today as once again inflation and the price of oil has investors in sell off mode. Yesterday oil hit the $100 a barrel mark again causing concerns world wide inflation will rear its ugly head again. When you figure the Fed in the US has been printing dollars at a record pace to try and inflate itself out of this last bubble, the housing/subprime fiasco, the price of oil is just fuel to the fire. The Consumer Price Index will be reported at 8:30 am this morning, this will set the tone for which way markets are headed in North America. Crude Oil Inventories will be announced at 10:30 am so this will set the tone for the price of oil in the near term.

Back in McFaulds Lake we got our much anticipated news release from NOT yesterday. The 1st set of #'s from the rhodium assays looked promising, but then everything that came out of Hole #5 looked good. What a spectacular hole #5 was. The rest of the assays released where all good, certainly nothing to cause investors any concern. NOT sold off a little, but appears just stuck in a range so no concern. There is two things that will move NOT in the near term, one is the 43-101 if it is better than expected. The one that investors are sitting on the edge of thieir seats for is visuals from #2 anomoly. This is the one thing that will propel NOT into the next level of market cap if it comes back they have hit.

Of note also yesterday was a news release from FNC. Although controversial and subject to various thoughts, it really has nothing to do with the reason investors are into FNC in the first place. Nothing has changed with the property next door to NOT. What investors want to hear from FNC, is when they plan to drill this property. Lack of no website and few and far news releases from this company makes transparency an issue. However, FNC still owns one of the most sought after properties in McFaulds Lake. There is absolutely no reason to panic on this stock. Peter Smith, talk to your shareholders, this is a public company, they have a right to know the day to day operations of it. No one is saying you need to be a promo machine like Nemis (although it would be nice), but at least tell investors what is going on.

Anyone hear from PRB when they plan to drill? I heard sometime around the 1st of March, but nothing lately. When this is announced we should see some added investor interest in the stock.

Good luck to all McFaulds Lake investors today.

Al