Just doing a bit of reading this morning.....and thinking...and with that, a couple things I find interesting

First, a quote from John Williams on Jim Sinclair's website as follows:

"John Williams, an economist and the editor of Berkeley, California- based shadowstats.com said "If the methodologies of measuring inflation in 1980 had been kept intact, gold would have to hit $7,150 to be the equivalent of the 1980 record,""

What I find interesting about this is 1979 is when I finished high school. I remember clearly how hard it was to find work in Sudbury due to the 9 month INCO strike. Could be deja vous over again both in terms of the duration of the strike and gold price appreciation. I didn't follow business at the time, but I do recall the interest rates going crazy (high double digits) and pay rate increases in the 10% range -- inflation.

Regarding supply for some key commodities, we have this recent update with respect to the Olympic Dam

"which will not returnto full capacity until the March quarter of 2010 after its mainshaft was damaged following the derailing of a hauling system.

* Olympic Dam is the world's fourth-largest copper deposit,the largest known uranium deposit and the fifth-largest golddeposit."

Next, more specific to NOT....about the recent news....I'd have to say the PGE's are looking good....not out of line with what was expected. Comparing the latest news with what was already provided, well...it was just filling in the missing PGE's for a few holes. As far as whether this will move the share price, I will steal a quote...

Babjak1....I think you hit the nail on the head with this one

"Many of us wonder how the Noront share price wil react to the news tomorrow. Is the news good ...of course it is. But with 59% instit ownership, the movement depends on what the 59% want it to do tomorrow. It is not necessarily a reflection of how good the news is."

The last point....comparisons to ARU....brings my thoughts to light....just why is this stock not getting the attention it deserves? It will come. My optimism puts this stock over $10....conservatively, at $5. Therefore, I will continue to accumulate at these low prices.

As far as timing....things look like they could begin to heat up in November...deadline for the FWR offer and a 43-101 on the chrome just for starters. Add to that, more drill results...a few others are now drilling as well......the likelyhood of expanding the eagles nest to depth....and further bullish commodity prices....and I think the formula will be there for some decent gains.

My opinion of course