Good question James.

That was history. Since then the drill has continued to speak as has Cliffs.

Commodity prices are on the rise. China is not in recession and is poised to embark on a major infrastructure venture.

The summer drilling program is just starting and last winters drill results are just starting to come in.

Look back over all the news releases in the past month alone. Chromium, vanadium, copper etc etc.

For some reason we have a tendancy to focus on the very few drill results to date from RoF. FWR's success rate on drilling is something like 87%..that is excellent.

In Sudbury we are still finding new reserves after 100 years of mining and exploration. FNX just found a very rich deposit of Cu-Ni at Levack mine.

Based on the value, quality and quantity of mineralization discovered in a very short time and the success rate experienced, this suggests a massive deposit at RoF.

Who knows what the value may be? But only a fool or someone desperate for funds would sell at anything under $10.

Mac Watson just sold enough of FWR to Cliffs to continue drilling...very smart move. The next sale of FWR will be well above the $.35 price paid by Cliffs for 7%.

The past sp prices of NOT were based on speculation. IMHO the future sp values will be based on drill results. NOT can not hold down the price forever.

SN