Profitz,

A long time holder but not a poster. However, when chatting with Palmer at the PDAC he appeared quite excited about NOT's intention to drill on the border between NOT and the jv. Smith of FNC chats about north-south structures and if one looks at Fig. 3 from NOT's last NR there are 4 stars lined up along this orientation. There is also a northwest line of stars that if extended also gets one to the ultramafics Dave found at surface in 2008 and where he drilled a test hole in 08 [also on todays jv]. There is just so much that we do not know about structure but NOT is now putting the puzzel together as noted in their last release.

In an earlier NR this year DP notes that a Crone survey was being completed, there is also VTEM coverage and the MMI geochem anomalies. I just hope we can get some deep drilling on north of Eagle One before there is a hostile offer. It is only a matter of time before more consolidation happens. Something happening in the conference rooms.

Cheers,

MH, all in my opinion