Ok.....I'm not going to get into a point by point debate here; that's for sure. If you want more specifics on each point, you can certainly go back on my post history where I get into specifics about certain events. The bottom line is this.....we are worth much more than $150 million market cap and the longer we stay here the more our stock gets diluted with low priced PP's and lowball stock options.....which incidently benefits only two groups....the insiders who get the stock options and the institutions who get exclusive rights to the PP's.....and that, I believe, is the motivation for keeping the stock price undervalued.

So...lets run a few numbers and make some comparisons...

Let's start with the voisey bay comparison. Voisey Bay was a Ni/Cu/Cobalt deposit. Voisey bay was a 32 million ton deposit at the time of the takeout. Voisey Bay was taken out for $3 billion. Voisey Bay was taken out when nickel was $3/lb.

Noront is a NI/Cu/PGE deposit. Noront has 11.2 million tons so far..to 1200 meters....now extended to 1400 meters...so maybe 13 million tons. Potential for widening at depth as well as currently still open at depth. Our market cap is about $150 million. Nickel is now $11.50/lb.

Now, my understanding is that while other sizable deeper/lower grade deposits were found later at Voisey's Bay, I don't believe that they were known at the time of the takeout...although I'm sure there was optimism of additional finds as there is at the ring of fire.

Also, these charts showing % grades of Ni and Cu and PGE's and tonnage which have been posted, my understanding is that it shows comparisions as if your only deposit was nickel or copper or PGE's. What I would love to see is a similar chart showing the value/ton of ore for each of these respective deposits....that is where I believe NOT shines above many. We don't just have nickel or just copper or just PGE's; we have them all.

Moving on....another comparison.....I did some reading on the latest 43-101 with respect to Ventana (VEN). There is currently a takeout offer which equates to about 1.3 billion. Their resource is a gold deposit in Columbia @ 27 million tons grading 3.9 g/t gold, 21.5 g/t silver and .14% Cu. Their PA resulted in a NPV of $807 million pretax @ 5% discount rate and a IRR of 34% pretax. (note pretax). This is based on $1000/oz gold and $17/oz silver and $3/lb Cu.

Noront is in Canada. The PA resulted in a NPV of $540 after tax with a IRR of 20% after tax (add $250 NPV and 6% IRR based on metal prices on that date). The PA was done on the Eagles nest as a standalone project despite other finds very near by (JJJ gold, eagle 2, blackbirds 1 & 2, AT-12.....and the market cap...again...about $150 million. That's about 1/10 the value of a gold deposit in Columbia?

Ok...so some of you can go off about how negative I come accross and how this might contribute to our deflated share price. To you I say this.....I think we are worth much more than $150 million...and it is through the actions of this management team, aided by others such as this most recent report from Dundee that keeps the share price as these depressed levels....not anything I say.

Go back and re-read some of my posts. I call out the actions of those who add to the negativism and question the motives. It's fustrating as hell that we are at this level...and again...who stands to benefit the most....you? me? retail? management? institutions?

Some will just never get it