With all due respect, the above left me rather disappointed. Quite frankly, it was boring. The revelation that they have "replaced exploration excellence with development excellence" was particularly disturbing. As a geo, "exploration=excitement". As an investor in junior TSX.V companies, "excitement=SP volatility". Expanding mineral resources at depth at the Eagles Nest is admirable, however, discovery of more near surface Ni-Cu mineralization would be a bigger bang for our buck in my opinion.

Positive, depth related NRs appear to have little influence on NOTs SP. The SP appears to only significantly react to general market movements and the price of metals. The proposed FWR merger or acquisition has not had a positive affect. So what has the BOD actually accomplished for shareholders in the last 100 days?

Respectfully submitted

geoprof