I know, we've been saying this for many weeks, atleast since the landing of eagle 2. But, I suspect we will be able to say big week ahead for many more weeks to come. I sound like a broken record these days.

I can tell you, many are growing impatient. Everyone wants the quick buck... this play will take some time, but, when it starts moving, this ship will be hard to stop. Drilling more and more targets and waiting for assays will take time... it is the drilling and the assay results that will build our share price, we need to be patient and let the drills do their work.

Great news this past week... another find, another jv, cvrd staking. In fact, the cvrd staking and now potentially norilsk, to me, that's the news of the week.

What's missing? I would love to see assays from the second eagle. That's my one little wish. ( patience) Also, I am looking forward to hearing the new strategy or direction for Noront coming later this month... sounds like value unlocking.

NOT Short position followers, this is for you:

shorts as of March 31 : 237,100

Short position decreased 600,000 shares from March 15

Imagine that, Not's share price drifts lower, and for the most part on low volume, and the shorts managed to cover into it... 11 trading days between the 15th and 31st and 50,000 shares a day got covered. Comments are welcome... a massive short squeeze at this point is unlikely given the small outstanding shorts. imo more and more good news will be the catalyst to go higher.

As for warrants, unless something has changed with the ROF, I still suspect the warrant holders to exercise, even with the price marginally above $5.00. I remember Richard said something to the extent of needing the share price above $6.00 to get the warrants exercised.

Remember, these guys originally wanted to buy in for $40 million plus warrants. They wanted a large ownership position in NOT. This is a very good way for them to increase their position without having to bid in the market. I suspect if a major could take those warrants over, they gladly would... this amount of ownership and control is worth something, even if the share price is slightly above $5.00.

More control of Noront, the stock that put the ROF on the map, the area leader in this new Canadian mining camp... I re-iterate, I feel those warrants get exercised.

Thanks for the great posts, maps and insight. Especially to the geo's for helping us all with the news release.

not financial advise, due your own dd

regards

cwallace