I'll admit to being very concerned about the fall in value in the senior market indexes around the world. This is not over and correction is going to be nasty. Nickel, Gold and Platinum group metals look strong although part of their rise is due to  fall in value of US Dollar.

McFauld plays are exploration and not producers so the current strong metal prices while they don't hurt also don't immediately add value to share prices.

Prices of junior exploration companies don't of course follow the senior market indexes but they aren't completely isolated from spill over. Investors in these volotile and risky juniors likely have 80% of their portfolio in more senior companies. If investors are taking a hit elsewhere they are more likely to try to lock in any profits in juniors OR minimize their losses.

It is hard to say Noront and some other players are at the top of a 'bubble' at the moment since volume of trading has been lighter than one would expect from last round of news. That in some ways is also worrying since if investors where in a buying mood we should have seen 2 or 3 times the shares traded last week than were traded.

Noront is still the driving force behind McFauld Lake plays but may be running out of steam. Current market cap is close to $10,000,000 (taking all options etc. into account) and that's pretty rich for one deposit the size and value of which hasn't been determined and another deposit with just a few visual results on and no assays. There is a lot of 'Blue Sky' involved in a $7 share price. I'm just not convinced investors are prepared to buy the 'blue sky' when general market conditions are terrible. I'd have been much happier with Noront trading 5 to 6 milliion shares daily at the $8 level as it would indicate euphoric buyers lining up.