HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: My Thought

My Thought

posted on Sep 02, 2009 05:40PM

As posted earlier, my thought was there would be no significant news release with respect to Eagle One till PP was completed. I sold half of my shares at $2.20-$2.22 and now I'm looking for entry points to reload my ammunition again.

This stock has a long history being manipulated (almost daily-life) by brokers from TD SEC, Anonymous, Canaccord, BMO Nesbitt. As of yesterday, "stop-losses" as low as $1.69 were cleared and Clarus and Wellington, who visited the camp and had a chance to discuss with Noront management, are supporting sp, but not aggressively. I don't think these manipulators will attempt to bring sp down below $1.60 to be effective in the absence of "stop-losses". So, sp will have a good support at this level.

In my guess, Noront has drillied up to hole 60-61 by now. Many of drills were BHEM holes to have a view of minerazation from outside back similar to the BHEM hole 50. Late drillings were more intended to hit mineration based on the information gathered from BHEM holes. I think they have assay results for hole 51 and more and they are in a position to report assay results plus "visuals" at any time. It's up to Noront management to decide when to release this information to the shareholders. I hope they are straight forward people.

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