Hi, Babjak1,

I think that we've got yet another confused poster (James) who is looking at NOT's US$ valuation vs. CN$ valuation. This has been a source of confusion in the past, and it will continue to be confusing until we get into the habit of posting *which* $ we are using to peg the stock price: $CN or $US. Since Noront is a Canadian company, a reasonable person could assume $CN unless stated otherwise.

w.r.t. value as reflected by the stock price (which us longs consider to be *way* under-valued), perhaps the market is already looking at Noront as being a pre-production mining company, and therefore is considering only the deposits for which a 43-101 has been completed, the costs of extraction, and the current macroeconomic situation?

Thanks for all your great posts!