Has Wes been up to ROF yet? Mac and Don are there now. What would Friedland be doing?

That Noront ever deviated from E1 before feasability was a mistake. Friedland found the second hole only after he swisscheesed the first hole. It's good they are returning. Between Eagle One and FNC gaining cash from delayed trickle-in option moneys to drill in late summer, we should finally accomplish what we should have done in the first place. Once E1 and C1 are feasable, 2 times what has been discovered, then rises the stock of both FNC and NOT. Why the concern for FNC. Because, success of both FNC and NOT in same area will create a panic of greed, that if a Major isn't invested they'll miss out -red to a butterfly, Gullum to the ring, etc...

Interesting that Wes's personality hasn't been examined. Will he report on visuals or wait for assays? Will he present himself as an organized entity like Mac has with FWR? Will he take the sheen off the luster like our two ex-temps. Will he have overconfidence without a back-up plan like Smith with FNC and discover all the eggs have dropped out a hole in the basket? Two companies Wes has been in before created a successful 43-101 and one company was bought out for over a billion. How involved was he in these projects? Can he bring that follow-through attitude to Noront that Friedland had? We need that attitdue, that mad persistance Friedland had. Hopefully there will only be one attitude. Drill and find feasable material or fail. Get all the drills around E1 because that's where the Nic is. Waste time for other explorations later.

The following will examine why we need this:.

Cramer predicts US housing has bottomed yesterday. Cramer said he's called a bottom in housing. "We are at the bottom," he said, but he cautioned that that "doesn't mean we're going to accelerate." To play housing, he said to own Bank of America, which he owns himself in his Action Alerts PLUS charitable trust.

Good strategy. Greed loves freebees. A Lousy Banks gets free money from Obama, it also makes buying opportunites for investors. The strategy: Look bad due to high risk loans, get infusion of stimulous cash from U.S. tax payers,buy out huge percentage of mortgages everyone else is dumping because Bernake forced them to buy the loans in the first place. Allow government to stabalize finances, so mortgages become safe again. Mortgages become profitable and the financials rise again. Payback govt to scoot out of their restrictive oversights. Financial stocks rise. Investors love you. Loans are traded and created. Investors with cash feel safe and invest again in financials. Financials loan again. Big business become infused with cash again and create goods. Material factories increase demand for what we've got -raw metal.

“Chrysler Group LLC plans to restart seven assembly plants at the end of June after silencing all of its factories during its six-week stay in Chapter 11 bankruptcy protection.” By TOM KRISHER

Exactly: lose the debt to get more loans to rebuild. Crazy. The more of this style of company recovery benefits the Majors. Our majors. Majors infused with cash will place pressure on boards to get ahead of game and become involved in companies like Noront. So even if dollar crashes, gold rises, companies will still have cash and loan ability to see another dollar smash-down as opportunity to expand.

Kamis, 2009 Juni 18 Mandiri Sekuritas Base metals: China-driven recovery : China’s infrastructure-driven US$550bn stimulus package has revived construction and real estate activities recently. Prices of nickel, tin and copper have risen sharply as demand slowly improved. As risk perception falls, we have tapped a risk- free rate assumption of 9.5% and 6.2% equivalent to our 10-year Rupiah and US dollar bonds interest rate forecasts, respectively. Without any other changes, our upgraded TP for our metal counters are as follows: Antam (ANTM, Rp2,200, Neutral TP: Rp2,200), Inco (INCO, Rp4,400, Neutral, TP:Rp4,100) and Timah (TINS, Rp2,175, Sell, TP:Rp1,900), which are still below their current prices. With the limited downside, we upgrade the sector to Neutral from Sell.

One could assume to opposing futures for FWR and NOT. FWR wants oil to rise, to make shipping cost to high, so chromite from North American Companies makes FWR cost considerable. NOT wants China involved like crazy, therefor transportation affordable -thus ROF's isolation feasable.

Conclusion: we need to move fast. Monentum is now! Pressure our own BOD’s to drill where there is known nickel. Get it done so majors can salivate. Not four but 10 drills at E1. If we don’t find the goods, were going to burn anyway, so burn the money now. Be on the phone at all hours, like Friedland, making the drills happen. Accept no excuses for not discovering the goods. And have a good 300 hole drill plan to make us all rich.

In reaction to the sentiment, “Stock Greed” is dated relating ROF with Voiseys. At this point, it’s not the result of Voisey’s bay I’m considering, it’s the attitude of the discovery method. Does one sit in one place and endure a week of survival like Les Stroud or does one smash through the growth like Bear Grylls. Bear is fun to watch with cool moves, but you never feel it’s real –just cool flashy stunts with refreshments when the camera’s off. Noront should be in the Les camp, where he survives in one local and really milks one area's potential for all it’s worth. It’s a miserable experience, but you know it’s real. The satisfaction isn’t in the flash for the investors, but the success of something real. Don’t move on till we are feasible. That’s why I love FWR. Mac is the chromite version of Friedland’s Voiseys –just nicer.

Remember: price for nickel is higher now then it was during Voisey’s bay. So even if nickel supply will exceed demand, the price should still do well for us.

Nickel price to drop 47% in 2009, analysts says. Only a 4% price rebound projected for 2010. By Tom Stundza -- Purchasing, 6/3/2009 7:35:00 PM: “With stainless steel production crashing worldwide this year, demand for key alloy nickel is sliding and its world price will average $5.10/lb, a 47% drop from $9.57 in 2008. That’s the forecast from Adrian Gardner, associate consultant for the Brook Hunt unit of Wood Mackenzie, speaking at a TD Bank-sponsored commodities conference in Toronto, where he forecasts a nickel price rebound to just $5.19 in 2010.”

Also pertaining to FNC (Magpie), FWR, NOT, etc…

Kamis, 2009 June 1: Steel market remain directionless. Global data on stainless steel, which takes about 70% nickel content remains unassuring. Based on China’s stainless steel index in the month of May09, industrial stainless steel production rose only by 7%mom. Thus the short-term rebound driven by the US$585mn domestic stimulus which should help boost some fluctuative recovery in construction activities! , remains to be seen.

A directionless marked is an opportunity for lot of leverage. As I mentioned before: opportunities are drawn to the suck of a lousy market. Hence cash is king.

One last point concerning attracting majors once we find enough. We want competition, not cooperation, from majors when they bid for FNC’s Magpie, or FWR’s Chromite, and NOT’s Nickel. On the other hand, a merging of majors could allow for more ability to make the bid.

China hits at BHP-Rio iron ore deal, By Patti Waldmeir in Shanghai, Sundeep Tucker in Hong Kong and William MacNamara in London.

· Published: June 17 2009 17:25 | Last updated: June 18 2009 01:41

· A senior Chinese official on Wednesday attacked the planned iron ore joint venture between Rio Tinto and BHP Billiton, raising expectations that Beijing may use its antitrust law to try to scupper the “monopolistic” deal.

· Chen Yanhai, head of the raw material department of China’s ministry of industry and information technology, told state media that the joint venture “has an obvious colour of monopoly” and should be subject to China’s anti-monopoly laws. “The joint venture is likely to have a big impact on the Chinese steel industry as China is the world’s biggest iron ore importer,” he said.

· BHP and Rio are the world’s second and third-biggest producers of the metal, which is steel’s key ingredient. Together the companies supply 75 per cent of China’s iron ore imports from their adjacent operations in Australia’s Pilbara region.

· On June 5, the companies proposed merging these operations in a 50:50 joint venture, creating an estimated $10bn in savings. To minimise regulatory problems, the companies said they would independently sell the ore produced by the joint venture.

· Mr Chen’s comments are the most outspoken against the proposed deal and follow criticism from mainland trade groups and China’s powerful ministry of commerce, which this week described concern over the deal as “understandable”.

· The joint venture is part of Rio’s latest fundraising effort, after it scrapped a $19.5bn tie-up with Chinese metals group Chinalco in early June.

· China is also at loggerheads with Rio and BHP in annual iron ore pricing negotiations, with Chinese steel mills insisting on a price cut of 40-45 per cent, more than the 33 per cent cut Rio agreed with Japanese and South Korean mills.

· Beijing is concerned that the proposed joint venture would reduce China’s bargaining power over future iron ore price negotiations. Rio and BHP reiterated that iron ore marketing would remain separate.

· Whether Beijing decides formally to review the planned venture is up to China’s ministry of commerce . Experts on Chinese competition law said Beijing had the power to use the laws to seek to force changes or impose penalties that could scupper the tie-up.

One could keep extrapolating, however this musing is done. Except one point: Mac and Don are up at Mcfaulds now. Is NOT pres there too? Has Wes been there yet?

Stock Greed