I've discovered my crystal ball to be useless. Would you use a crystal ball to predict when your dog will be hungry? Getting to know a company as well as we do, it takes on a living breathing entity of its own. I've tried to apply technical analysis but stopped because I'm not knowledgable enough. Have any of you found it works with Noront? If so, give me some examples so I can learn a little.
Noront is about to smash its way back up. Do a 1 year chart seach and you see every time it dips below 1.50, it leaps up. And it doesn't seem to linger at one price. There is a decided decrease prior to the leap. Some think it's manipulation. Could be, but that doesn't change the observation.
We are in that drifting down state now, and this creature is about to get hungry. If you have enough resources to get in under 1.30, I think you'll do well. Unless any of you predict it going down to .50 again as it did 06/26/09 -tomfoolery we have 3 times that resource now - $1.50. Oh that's where we're before this decidedly downward push. Funny how things work.
So what happened a few weeks after our low (07/16/09)? The dog started barking. Following this pattern to predict what will happen from deep hole drills? Say we find 1/3 more, $2.00. Say we double our resources, $3.00. and so forth. One could say the SP is .50 for every 3 1/3 mil ton.
I know there's no in-situ logic to this so please don't bother to blast it, as I'm only 3 1/3 out of 10 serious as I write this.
-stockgreed