Almost all of my junior explorer gold and silver stocks are down. This downturn started in December and has continued.

This is happening because of the credit/liquidity crisis and the fear that since juniors do not have any cash flow they will run out of money.

Noront is unique because of its huge find. They don't fall into this junior group. Their stock is going to depend on tonnage and grade.

I actually hope this junior slump continues for few more months. I would like to pickup a few more at these reduced prices. In my opinion, I think this slump could last the rest of the year.

I figure that once silver reaches $30 and gold $1500, that junior mining stocks will begin moving. Once silver reaches $50, the majors are going to be looking for reserves.

If you think $50 silver is a long shot, go try to buy some 100 oz bars in the town where you live. You will likely have to wait for delivery. The amount of above ground silver available for delivery is minuscule and shrinking.

Like all of you, I’m very excited to own Noront. This stock is going to rock this year. My estimate for this year is the teens, then the twenties in 2009. I think those are both conservative. If these anomalies are the real deal, we are sitting on a $50+ stock.

Newager