NOT, FNC, GNH, EAG, and more will all make money. It's an excellent dilemma to be in.

Have some of all. If you plan to sell FNC, keep a little. Gut feelings should be backed up with data: you've made profit and it's time to take, you've got inside information, there is another opportunity.

Most important of all, the geo data should be the root of a decision to buy or sell.

Currently there are three ROF companies with nickel-related geo-data to decide and only two with ROF-related data. Noront and TBM. TBM found leads and will get more leads to their core this summer. Noront has great core and will find more core, to be sure, because they are open at depth.

FNC only has 2 mtrs of nickel, but are drilling for more now and have a different formation theory then most of the other companies. they've also recently rushed assays to ThunderBay, assuming a rush is indicative of massive sulphides this is exciting. But there are also many background PM's and e-mails indicating negotiations of a sale on their Magpie property to a Chinese competitor, so there is additional excitement beyond ROF for FNC. But that is taking a risk, one should weigh hear-say with data and Magpie has known ore data one could study.

UC is another worthy condideration as their ROF data is unknown but their other properties has known geo-data and will actually be producing revenue this year.

EAG is already a well-known opportunity as well. and I'm sure I've left some out.

One other factor I like to layer on top of Geo-data is the CEO's team's ability to negotiate once they have known ore. Usually this involves their cash reserves to spend on studies to reduce risk for potential buyer or allies for infrastructure production innvestments. With all these layers of consideration, the safest investment is Noront.

From there one weighs risk with leverage and potential multiples based on Outstanding Shares. But like I said, all ROF companies will inicrease as Govt spenditures and Cliffs infrastructure is developed. So the next consideration is which one will deliver multiples sooner, so you could jump from one to the next. Would any of you have predicted FWR before Noront back when Chromite was not seen as sexy as nickel?

We are all going to make money, as this is a different play from Voiseys, wher only Diamond Fields benefitted, despite the mad staking rush. One CEO said, "Nickel occurs in clusters." Look at the map location compared to ThunderBay. Now look at the ROF property map. Noront owns the most land. If you were Cliffs placing 1.3 bil in infrastructure, would you content yourself with just FWR and 50% of it's JV's in this remote location? There is going to be so much activity this summer or before, that owning any will be profitable, if only just a little. And that little amount will be more percentage then buying Apple due to their Ipad.

-sg