I am very bullish on NOT and have been accumulating all summer while the price is down. Everyone has to remember that this is the time of year that the markets take a breather and the stocks fall on general disintest in the genuine investment longs. This leaves room for the "Short" term investors (meaning shorts) to take the ball and run.

Back in the spring I stated that the "Sell in May and go away.." phrase normally holds true over the summer months. Once again for "whatever" reasons (there is always a reason to sell it seems in the summer) the market fell off and NOT with it. Do we then worry about the state of the company...of course not...why??...because the company is sound. What makes NOT a sound company??

1. Cash, Cash, Cash, More Cash and tons more Cash. (Warrants not loans has this company in sound shape. Oh yes and some JV that brought even "more" cash to the coffers.

2. Management. Nuf said there. We all know what we have there.

3. Commodity Bull is resting....no dead. This is a summer consolidation. Oil seems to be the only exception in the summer. The last few years have seen summer become one of the biggest times for bull runs in the oil sector. Otherwise...commodities will pick up again in September (maybe a bit less than usual due to the state of the overall US economy). There may be another lull in late October...or...there may be a big bull run then. It depends on news and how supplies last around the world.

4. The third world economic boom is still on track. China has cooled it outrageously high consumption as the Olympic construction has ceased. This doesn't mean China won't still be growing and requiring large level mineral imports down the road.

5. The banking sector will likely be bailed out by the Feds. On that note why do we care that much? We have "No Debt".... only cash ...cash...cash.

6. The McFauld's area exploration is still young. Nothing bad has really come out of it. Bad news has really only been where exceptional news wasn't ...so the price fell off from higher than realistic expectations from assays.

We have from September to next May to make the next move up. Whether it takes the stock to 20 or to 10 won't be the question because the answer isn't known until that time. The bottom line is the valuations will continue to rise with more drilling and the stock price will hold until it starts its ascent. I'm thinking 10.00 by the winter..and no doubt it will fall again after to the 6 - 7 range. Either way that is double what we are at now and no doubt it will be substantially undervalued even at that point in time due to the state of the markets.

So...no worries...no panic attacks....lots of sleep and carry on with life. This is an investment you wait for your reward. If you wait and if you continue to buy low (right now is low), you will no doubt see a substantial gain in your stock valuation by this time next year. What else matters really. That's why we are here. That's why we use this board. As Bobby McFarin used to sing "Don't Worry...Be Happy" and that is what I'm saying to everyone today. No Worries. Leave it all in King Richard and his Roundtable's hands.

All the best....long on NOT...God bless.

MM