Yes! but you never touched on Currency values,Interest Rates, Inflation, and Growth Rates (and primarily in BRIC plus other Developing Countries at present)in this assessment. And I believe it is these things that will ultimately determine the time span to realization of NOT's real potential value and its reflection in the SP. The things you lists are but the items that likely scare the S**t out of most with savings in personal and RSP-like accounts. Then there are those who have 10's of Billions siting on the side lines waiting for the super shake out to start winding down! Now that the G8 Show is over for another year we may well settle into the Summer Doldrums for 3-4 weeks. If things on the world scale look NOT TOO BAD by mid August we may see some real action from the RoF players by then and the Manipulators will force the SP up in advance of the Summer Exploration winding down and in anticipation of the FLOW of pent up news leading into September. Old Joe