With all due respect, I would like to share my thoughts and opinions.

It is often said in the investment community, that raising of funds is done under the best conditions when one really doesn't need them.

Secondly, many posters have alluded to, that the SP of NOT has been a real "bargain" for some weeks now and have added more shares of NOT to their portfolios.

Thirdly, the proceeds from the issue of flow-thru shares are unlikely to be used to pay NOT employee salaries or compensate members of the BOD. These funds will be used for exploration purposes........creates new expectations=upwards pressure on SP.

I have not supported any more deep exploration drilling in the Eagles Nest area for some time now. I am, however, supportive of their proposed exploration of other untested targets as outlined at the AGM outside the immediate area. In fact, I would support further airborne surveys (see my previous posts) and testing of other targets in all areas controlled by NOT. I challenge NOT management and BOD to demonstrate that they have the imagination and experise to carry out the next stage of exploration on their expansive ROF properties which offer potential for discovery of additional base metal and especially Au mineralization. The latter will be a most elusive and difficult target but one which could completely change the perception of any player in the ROF.

Overburden drilling is a valid exploration technique in the ROF. Anyone that alludes to its not being worth considering as a cost effective exploration technique, doesn't know what they are talking about. I await the outcome over the triple J zone.

IMO Dundee cut a good deal, but so did we, the shareholders. Its up to Wes and the BOD to spend the funds intelligently and deliver the goods.

Have a great weekend

Respectfully submitted

geoprof