Friends,

The latest MD&A is available along with Financial statements on Sedar, dated DEC. 15

There is some interesting reading in the MD&A.

What is quite odd is the expense line shown for the deep drilling at Eagles nest, it is quite low comparing it to the expense line for the regional drilling expense. (2.6 million deep drill and 4.0+ million for the regional). This is something to look into. Could be we stopped the deep drills some time ago or the diamond driller took a hit on a rebate per contract??

Also the name Penguin Automation Systems is listed as a contractor along with Micon, SNC Lavlin and Cementation.

I recall Penguin being listed as a PP buyer from a previous offering. And low and behold, Mr. Paul Semple (COO of NOT) is President of Penguin.

What I would like to know is if it was listed as an "insider" buy.

Anyone have the answer?

mynot