"Both Feds and Province are looking at slashing spending. The Ring of Fire is going to bring in thousand of jobs and billions of dollars in revenue to the goverments. This is not the type of projects that they are looking at slashing."

I suspect there is a lot of truth to this view but it will depend on whether they are thinking long or short term....in light of their term in office....in light of how they wish to be perceived at election time. I suspect that the Ontario North potential is causing some significant drooling for it's promise but, given the economy etc., the economic yield from the ROF may not be realized in what would be considered the short term... for most. To me it feels like there is significant energy behind the ROF but... we wait to see when it will be released.

As MF1 pointed out, NOT's sp has done rather well compared to other companies and at present is holding fairly strongly....we wait to see what this means. There has been some significant accumulation over the last while so there are those that feel NOT is a good place to put cash.