Can the McFauld Lake players hold on to gains made today and move higher without news from Noront? BMK could surprise with news but nobody seems to be expecting anything from them and their share price reflects this.
Noront is holding up well but the market is going to want more news about DE 2 soon and we all know how long assay results have been taking. Talk is of possible DE 3 but it took several weeks of drilling on DE2 anomality before news broke so it makes you wonder if it will be coming this week. Of course if it comes the share price will immediately be knocking on $8, if it doesn't maybe a retest of $6 isn't totally out of the question on Friday.
FNC sure had legs today and no idea why unless something like a PP is cooking. It didn't seem to be because of Noront. FWR sure paid off for those brave enough to dive in recently.
Seems to me retail investors are sniffing around for the cheapest way to buy into the McFauld 'Ring of Fire' and no reason to expect this trend to end anytime soon.
US Economy and senior market indexs still in for rough ride and it's not completely decoupled from TSX market. If Indexs tumble maybe we'll feel a little hurt, less than some might expect?
To sum up, if Noront doesn't release something this week my guess is a fall back in share price BUT this might not affect others who's run could well continue. If Noront does release positive news it will just reinforce the existing upward trend of those other juniors in the area. Personally I'll be looking for adding FNC, FWR, PRB if we get a pull back over next few days. Might have to fight Al for it though.