"Another hang up with the market is the fact that NOT is in the middle of nowhere. When an announcement is made on the commencement of the railroad construction, the market will wake up to discover that this is all not a pipe dream."

Curious! Are you working for the BoZo at Sprott A$$ Management who apparently was a Major Manipulator of NOT's SP in and around April/May (2008) through the last AGM, and also likely beyond, all the way up to the present?

If not, do some research on Cliff's.

Then do some research on how many new large Mining Camps initially develop. Labrador West and Voisy's Bay come to mind. But there are plenty of others that will provide the basic pattern(s) to be seen/learned.

As part of the research, look at how such developments occured in relatively constrained Credit Markets.

Then look at the typical price/trading action of such new Mining Camp Claims Owners. Note the difference in action distinguishing the Early Explorer/Developers vs ALL The Others with Claims in the new Mining Camp Area.

One thing that can be virtually assured with respect to the Ring of Fire is that by the time there is ANY Official Announcement of Rail Road Construction the Development Plans AND Development Activity (including Resource Marketing Specifics) respecting any Mine Site will also be very well advanced.

And the SP of the/those Explorer(s) which will actually participate in this Initial Mine Development Phase will by that time reflect the third Phase in the Life Cycle of Such Exploration Companies/Mines, assuming here that these Explorers do not Sell their relevant Area Properties or are Bought Out.

Now, the challenge is this: Are we (NOT, FWR, et al) all still on the Exploration Phase or has one or more of our Confined Area (Eagle 1/BlackThor/Label/Big Daddy) Explorers actually already well into the Pre Development/Planning Stage.

Seems reasonable to me that the Manipulators are likely Currently Charged by their Owners to keep non major Share Holders and Potential new Investors of the same class (non major investors) on the edge of their seats (so to say), Speculating (worrying, if you like) on now trivial matters such as "Will There Be" or "Will There NOT Be" a Mine Developed, while ALL the Nitty Gritty Details are Worked Out, Finalized, and Permitted, etc..

More so, where there is no one clear Complete/Dominant Claims Owner/Controller.

To do otherwise would only prematurely (for the Manipulator's Owners) drive up the Cost of their Maintaining Control of their Golden Egg laying baby Hen.

In our case, the Bird of choice is actually a Double Eagle.

In other words: Where actually are we at, REALLY, in this Mining Camp Development process? Or am I being too presumptuous. Maybe we are still looking to Hit something of Value???

Old Joe

PS: Confused??? (LOL) Thus, Manipulators, you are succeeding! (LOL) Just more d12 subtle doubt and submission needed and I will ... Hummm. No! Yes! (remember - Confused??? ?) (LOL) Manipulators, I need more of your BS (excuse me - your support and insightful advice and Suggestions, etc. (LOL)) if I am to be BSed??? (excuse me AGAIN - Educated (LOL)) as you are charged (with attempting) to do.

Oh Boy! What an excellent job the Smart ones are doing! Owners, got to pay them more. Much More!!! (looool)