It's funny how investors pick up on certain remarks and make the author of the remarks pay the price. A few remarks that came back to haunt since the discovery of Double Eagle. Once Nemis said NOT could do a PP with numerous investors at $10, boy we know how that turned out. Another time Nemis stuck foot in mouth by saying stock worth more than it was trading for, he figured a share price of $28 was a closer value to put on NOT. Still a possiblity this statement will come to fruition, but with NOT currently trading at $5.32, it sure looks like investors don't believe him. Another foot in the mouth remark was at a Richmond Club meeting when the number of 7 million tonnes of was first announced by Michael White of IBK Capital Corp.

The IBK remark has set the bench mark for resource estimate from Double Eagle and may haunt the comapny going forward. Personally I believe we see something in the 3 to 5 million tonne range. However this resource estimate has a very high value because of the high value of NOT's Double Eagle dirt.

Al