I think everyone should just back up a bit and think about things.

Can anyone give me an example of where and when any announcement of funding for a project such as the ROF has been included in an annual budget before? I think not, and agree that it should not.

The federal budget, as well as the provincial one is a yearly event, meant to itemize expenditures for the whole country/prov, and will be designed to produce as many accolades as possible while doling out our tax dollars.

ROF infrastructure announcements will be a stand alone event coming simultaneously from both levels of gov't, private companies (NOT/CLF), and perhaps more importantly, with full support from local FN's. It will be shown, not as an expenditure such as other highway upgrades and bridge rebuilds are, but as an investment, and on that basis will not show up in any deficit projections. This announcement may come before the budgets, but I would expect it will come shortly after.

The greatest indicator I have is the actions of local FN's over the past 6-8 months. There was considerable sabre rattling in late summer/early fall of last year. There has been total silence since. Even in light of the public studies being done on either NOT or CLF mining plans, where initial complaints were that they had no participation, there has not been any sustantial objections from them. This could only mean they are satisfied with progress being made.

It is difficult to determine the actual cause of the recent SP drop, but I suspect it is a result of no results from this winter's drill program. Whether this lack of info is because there is nothing there, or that whatever has been found is being suppressed until the right moment, is hard to say, but discrepency dictates that one should assume nothing was found. Regardless, it is what it is, and there is lttle to be gained by lamenting the fact.

What does merit discussion though is the opportunity. This was a very active forum, with plenty of input from myself, the last time the SP dropped to this level. I actually loaded up plenty at an average of .44, and let them all go around the .80 cent point. My greatest argument at the time was that I had seen it happen twice before and believed it would happen again. Well here we are again, and my argument this time is that it has happened three times before.

There is little doubt that the area will be developed. It may be delayed for whatever, but it will happen. Some are even suggesting a buyout is near, and as low as 1.20. I don't, for one minute, expect that such an attempt would succeed, but look at it honestly. The share price today is .52, and the worst you can imagine is a buyout at 1.20???

I am not sure that the dump? is finished yet, but I am watching very closely for the bottom. I honestly would love to see .44 again, but rest assured, I am going to load up again over next day or so.

Best regards

K