Good morning folks, here are some numbers and thoughts.

20ema: .38 cents

50ema: .33 cents

200ema: .29 cents

Nickel spot: $7.13

Pretty clear Noront is firmly entrenced in an upward trend. I don't see a huge amount of downside left on Noront, maybe it could see .35 - .38 on weak days but hopefully not. There's just too much on the horizon for it to get beaten down. Manipulators will likely try but finally we're in a situation where the bulls will come in and pick up whatever the bears throw away.

Nickel prices broke through resistance at $6.70 like we thought, this now becomes support so anyone watching or playing nickel spots should play it as such. NI prices may not be a full blown catalyst like infrastructure, financing or drilling news, but it eventually will be our bottom line and it can turn a so so resource into a cashcow. Eagles nest is so rich that little metal pops like this one make a big difference to our NPV. At $8 nickel, eagles nest looks a whole lot more attractive than at $6. Most importantly is the sentiment change. Spot prices are one thing, but trend and sentiment is what investors really care about. Nice to the see the long term nickel forecast in our favour for once.

Good luck all.

djje