Unlikely since they have, as far as we know, everything necessary to prepare a 43-101 and frankly this is something the market wants to see as a lot of the current market value of Noront is because of DE1.

Nothing to prevent Noront modifying the 43-101 later as more information/assays becomes known which extends the 'proven' or 'probably' reserve calculations.

Noront management would like, just as much as we, to provide investors with information which will go a long way to answer people skeptical of the Double Eagle potential. Hopefully this will also cause market price of shares to float back up where a lot of think they should be.

After the next round of information we might just have to wait a good few weeks even with new Laboratory up and running. With spring breakup and new drill crews, drills, jv partners etc. the next few months will be pretty frantic. Fast buck day traders could be disappointed because Noront isn't going to become a promotion machine interested in short term share price movement.

As others have pointed out, Noront has plenty of money on hand to cover everything planned for 2008 drilling/exploration season and there is no reason to 'pump' the share price for any private placement. Consider Noront turning more and more into a value play that investors should recognize as taking several months and not days to playout.