Seems to me there was a "rumbling" a while back about dumping RN. Rather ironic given the TSX Venture Exchange award.

And if the rumor of Mike White at IBK questioning RN's leadership was true, I wonder how he now feels. Moreover, I wonder whether IBK will continue marketing Noront to prospective institutional buyers. Loose lips sink ships.

RN's comment on "daily share price" watching during his most recent Agoracom interview is important. It speaks strongly to his longer term strategy, which most people forget about.

All of his moves over the last six months - the private placement, the VTEM program, the JVs, the purchasing of drills, the drill programs, the hiring of more top notch management, the upcoming 43-101 - wake up and smell the coffee folks. It's happening in a very professional manner.

Twelve months from now have have a look at the share price. I bet you'll be smiling - big time!

Snug