HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Logic 101 on a Monday Evening

How do I play this next

posted on Oct 09, 2007 12:33AM

First of all, I would like to say, great post MiningJunkie, your blurb about "the market does not lie", never a truer statement.

Lot's of speculation about the exact timing of the next assay results. I believe it will be some time this week, exact day not really sure. Past history tells us, when the next assay results do come in, NOT management will put a halt on the stock, then release the news and allow all shareholders an equal opportunity to read the release to make up their minds what they want to do about it.

My way of dealing with these kind of situations, is to have a plan in place before the actual event happens. Which begs the question, now that I know a news release is coming what do I actually do when it arrives?

I currently hold a core position of NOT stock, have traded in and out over the last few weeks and basically my core position are freebee's. When the halt arrives, immediately I will jump back into a couple of the area plays FNC, BMK, and PRB are the most likely the best ones to buy. Last halt I bought FNC, I bought and sold the stock before NOT started trading again. Made some fast money and moved my train of thought back into NOT.

Once I read the news from the next assay results from NOT, I will then decide if I will buy more on the open, using the money I made from the area play or sell some from my core position and hope to buy it back cheaper. This will only happen if the news is not as good as I believe it will be. My real hope here is the news is good enough that I decide to add to my core position.

One thing we can all be assured of from the next assay result is this, it will not be the "mine maker" news release. For this to occur we will need a step out hole with a massive sulphide declaration tag on it. Let's be honest we already know Hole #7 will be good, as they have told us earlier they hit over 50 metres of massive sulphides from this hole.

Good luck to all this week, what an exciting play this is !!!

Al

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