I don't think all is lost with this stock if you have time to ride it out, 18 to 24 months is my guess.There will be ups & downs in between. I expect more up side than down. Here is a post from AB.
Quick call from Dick Nemis
Posted by: Polylabel on June 03, 2008 01:39PM
In response to: Probe and FNC by From_Sudbury
<TABLE><TBODY><TR><TD>You can understand with everything going on that my conversation was short and only covered two things.
One that a news release is underway to clarify the Probe release and assure Noront investors it has nothing to do with Noront's claim ownership.
Secondly a general conversation about the Chromite found as I tried to get some understanding of deposit shape. Not sure that I actually do BUT Dick explained they know the thickness of lens varies and in parts is huge (20 to 70 meters). Yes the signature of the target being drilled is 450 meters in length but this has little bearing on how far the chromite could extend. It could be 5 to 7 kilometers.
Of course I wanted some idea of width but Dick indicated that's tough to indicate with the drilling done todate and just can't comment on. This mineralization has been deformed over geological time and closer to surface than would have been expected. So far the opinion is it would indeed be pit mined.
Dick's opinion at this time is that this is indeed a 'world class' deposit and it's too early to rule it out as not being 'LARGER' than South African deposits.
Guess there are darn good reasons why two drills are poking holes into this to come up with numbers for investors.
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Quick call from Dick Nemis
Posted by: Polylabel on June 03, 2008 01:39PM
In response to: Probe and FNC by From_Sudbury
<TABLE><TBODY><TR><TD>You can understand with everything going on that my conversation was short and only covered two things.
One that a news release is underway to clarify the Probe release and assure Noront investors it has nothing to do with Noront's claim ownership.
Secondly a general conversation about the Chromite found as I tried to get some understanding of deposit shape. Not sure that I actually do BUT Dick explained they know the thickness of lens varies and in parts is huge (20 to 70 meters). Yes the signature of the target being drilled is 450 meters in length but this has little bearing on how far the chromite could extend. It could be 5 to 7 kilometers.
Of course I wanted some idea of width but Dick indicated that's tough to indicate with the drilling done todate and just can't comment on. This mineralization has been deformed over geological time and closer to surface than would have been expected. So far the opinion is it would indeed be pit mined.
Dick's opinion at this time is that this is indeed a 'world class' deposit and it's too early to rule it out as not being 'LARGER' than South African deposits.
Guess there are darn good reasons why two drills are poking holes into this to come up with numbers for investors.
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Here's a couple of post from AB. NOSOF was up 50 cents today, hopefully it will continue to raise and news of new finds in the Ring of Fire will keep coming.:drink::drink:
News flow is just beginning
Posted on June 04, 2008 04:11PM
<TABLE><TBODY><TR><TD>I think we can come to expect more days like these as the summer progresses. As the area plays continue to drill and release results it will not only draw attention to the area but also start to provide the credibility and respect that we know we deserve. Today proves exactly how important the flow of news is not just to the companies who are releasing but also to all those involved in the Ring of Fire.
The great part was that everyone got excited on an announcement about visuals, can you imagine how excited people are going to get when someone releases another Glory Hole similar to #5 on Eagle 1. I sure hope that someone is NOT but I'll settle for anybody at this point.
Hang on to your shares, looks like this summer could be a scorcher!!
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Presumed location of WSR-TME hit
Posted on June 04, 2008 04:56PM
<TABLE><TBODY><TR><TD>There have been a few assumptions about the exact location of the drilling mentioned in the WSR-Temex-Arctic NR's. The only thing certain is that it is on their landholdings approx. 45 kms north of eagle 1.
I used the accurate measuring tool from the Ministry of Northern Development and Mines to draw a circle on my map with a radius of 45 kms from eagle 1:
2 WSR/TME properties appear to be on that circle:
It is my educated guess that the left property could be the one where the drilling is going on, because those claimblocks are spot on the well known Red Line. Again, just my idea - Helium
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News flow is just beginning
Posted on June 04, 2008 04:11PM
<TABLE><TBODY><TR><TD>I think we can come to expect more days like these as the summer progresses. As the area plays continue to drill and release results it will not only draw attention to the area but also start to provide the credibility and respect that we know we deserve. Today proves exactly how important the flow of news is not just to the companies who are releasing but also to all those involved in the Ring of Fire.
The great part was that everyone got excited on an announcement about visuals, can you imagine how excited people are going to get when someone releases another Glory Hole similar to #5 on Eagle 1. I sure hope that someone is NOT but I'll settle for anybody at this point.
Hang on to your shares, looks like this summer could be a scorcher!!
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Presumed location of WSR-TME hit
Posted on June 04, 2008 04:56PM
<TABLE><TBODY><TR><TD>There have been a few assumptions about the exact location of the drilling mentioned in the WSR-Temex-Arctic NR's. The only thing certain is that it is on their landholdings approx. 45 kms north of eagle 1.
I used the accurate measuring tool from the Ministry of Northern Development and Mines to draw a circle on my map with a radius of 45 kms from eagle 1:
2 WSR/TME properties appear to be on that circle:
It is my educated guess that the left property could be the one where the drilling is going on, because those claimblocks are spot on the well known Red Line. Again, just my idea - Helium
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Junior miner's stock soars as joint venture reports promising mineral find
Posted on June 04, 2008 06:15PM
<TABLE><TBODY><TR><TD>somewhat NOT related
http://www.570news.com/news/business...
Junior miner's stock soars as joint venture reports promising mineral find
June 4, 2008 - 17:28
By: The Canadian Press
TORONTO - WSR Gold Inc. shares soared to their highest price in more than a three years Wednesday after the exploration company (TSXV:WSR) reported preliminary sightings of copper, zinc and lead mineralization along the Ring of Fire in northern Ontario.
WSR shares closed at 79 cents, up 13 cents or 19.7 per cent with more than 5.7 million traded, the highest volume on record for the company. The perennial penny stock had earlier touched $1 for the first time since it last spiked in early 2005.
The excitement followed WSR's announcement of preliminary findings from a hole drilled on a 160-acre property under option by WSR. It's in a joint venture project with Metalex Ventures Ltd. (TSXV:MTX) and Arctic Star Resources Inc.(TSXV:ADD).
All three companies were among the most heavily traded Wednesday at the TSX Venture Exchange. Metalex shares gained two cents or 5.5 per cent to 38.5 cents with 6.7 million traded. Arctic Star's fell one cent or 6.9 per cent to 13.5 cents with 5.4 million of its shares traded.
Wednesday's announcement was based on the observations of John Harvey, a consulting geologist to WSR. Samples are being prepared for shipping to an independent assay laboratory, it said.
'WSR believes that the recent drill hole results, with the presence of visible copper, zinc and lead sulphides being observed on site by the project's geologist are very encouraging and could be of significant importance to the Joint Venture Partners if the assay results pending are favourable. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part,' the company said.
WSR says it can acquire 50 per cent of the McFauld's Lake property under an agreement with Noront Resources Ltd. (TSXV:NOT). Its shares gained 50 cents or 14.7 per cent to $3.90 on Wednesday with 735,336 traded at the TSX Venture Exchange.
The joint venture project is 45 kilometres north of Noront's Eagle One discovery, which is also along the Ring of Fire - a relatively untapped area of heavy mineralization - in the James Bay region of northern Ontario.
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Posted on June 04, 2008 06:15PM
<TABLE><TBODY><TR><TD>somewhat NOT related
http://www.570news.com/news/business...
Junior miner's stock soars as joint venture reports promising mineral find
June 4, 2008 - 17:28
By: The Canadian Press
TORONTO - WSR Gold Inc. shares soared to their highest price in more than a three years Wednesday after the exploration company (TSXV:WSR) reported preliminary sightings of copper, zinc and lead mineralization along the Ring of Fire in northern Ontario.
WSR shares closed at 79 cents, up 13 cents or 19.7 per cent with more than 5.7 million traded, the highest volume on record for the company. The perennial penny stock had earlier touched $1 for the first time since it last spiked in early 2005.
The excitement followed WSR's announcement of preliminary findings from a hole drilled on a 160-acre property under option by WSR. It's in a joint venture project with Metalex Ventures Ltd. (TSXV:MTX) and Arctic Star Resources Inc.(TSXV:ADD).
All three companies were among the most heavily traded Wednesday at the TSX Venture Exchange. Metalex shares gained two cents or 5.5 per cent to 38.5 cents with 6.7 million traded. Arctic Star's fell one cent or 6.9 per cent to 13.5 cents with 5.4 million of its shares traded.
Wednesday's announcement was based on the observations of John Harvey, a consulting geologist to WSR. Samples are being prepared for shipping to an independent assay laboratory, it said.
'WSR believes that the recent drill hole results, with the presence of visible copper, zinc and lead sulphides being observed on site by the project's geologist are very encouraging and could be of significant importance to the Joint Venture Partners if the assay results pending are favourable. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part,' the company said.
WSR says it can acquire 50 per cent of the McFauld's Lake property under an agreement with Noront Resources Ltd. (TSXV:NOT). Its shares gained 50 cents or 14.7 per cent to $3.90 on Wednesday with 735,336 traded at the TSX Venture Exchange.
The joint venture project is 45 kilometres north of Noront's Eagle One discovery, which is also along the Ring of Fire - a relatively untapped area of heavy mineralization - in the James Bay region of northern Ontario.
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Here's two phone conversation that are post at AB.
talked to nemis
Posted on June 05, 2008 12:52PM
<TABLE><TBODY><TR><TD>Down about 300 meters at Windfall now
Chromium - release seperate be cause it is " very, very significant size"
Still waiting for Rhodium assays
Thinks the new lab is completly up and running- all assays going there now
Drilling continued through the spring break up - never stopped
Waiting for 43-101 for Eagle one
Lots to look forward to in the near future
That was about it for info as he was busy as we all know
Coop
Just talked to Richard....
Posted on June 05, 2008 03:33PM
<TABLE><TBODY><TR><TD>-Thanked him for doing an excellent job and all his hard work, since I forgot to mention that yesterday when I met him...."Your welcome buddy"
-Asked him how the trip to Windfall was - "Excellent"
-Asked about Double Eagle - "Everything is rolling ahead...LOTS of news to come soon - stay tuned"
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</TD></TR></TBODY></TABLE>
talked to nemis
Posted on June 05, 2008 12:52PM
<TABLE><TBODY><TR><TD>Down about 300 meters at Windfall now
Chromium - release seperate be cause it is " very, very significant size"
Still waiting for Rhodium assays
Thinks the new lab is completly up and running- all assays going there now
Drilling continued through the spring break up - never stopped
Waiting for 43-101 for Eagle one
Lots to look forward to in the near future
That was about it for info as he was busy as we all know
Coop
Just talked to Richard....
Posted on June 05, 2008 03:33PM
<TABLE><TBODY><TR><TD>-Thanked him for doing an excellent job and all his hard work, since I forgot to mention that yesterday when I met him...."Your welcome buddy"
-Asked him how the trip to Windfall was - "Excellent"
-Asked about Double Eagle - "Everything is rolling ahead...LOTS of news to come soon - stay tuned"
</TD></TR></TBODY></TABLE>
</TD></TR></TBODY></TABLE>
Here's another phone conversation with Richard from AB.
Just spoke to Richard
Posted by: tcp1002 on June 06, 2008 12:34PM
<TABLE><TBODY><TR><TD>He actuallyanswered the phone himself. He is in good mood. Said not to worry about the stock. I asked about the Probe annoncement and he said didn't have time to explain it but did say there is an issue with PRB and what they claim they have staked.
Asked about China, Mexico and Burnt Hill he said nothing is going on with them right now.
Asked about his trip to Windfall and he said it was FANTASTIC!. He said we're 300 meters underground and that soon there will be pictures posted on the web site.
Asked about the 43-101 and timing and he said it was being worked on and will release as soon as they have it.
He was busy so I asked if everything looks good and he said yes. I asked when the promoters are coming back and he laughed and said don't worry about the stock. It was a positive conversation so I feel better already and glad I had this short chat with him.
I'm still holding strong, GLTA, Tcp
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Just spoke to Richard
Posted by: tcp1002 on June 06, 2008 12:34PM
<TABLE><TBODY><TR><TD>He actuallyanswered the phone himself. He is in good mood. Said not to worry about the stock. I asked about the Probe annoncement and he said didn't have time to explain it but did say there is an issue with PRB and what they claim they have staked.
Asked about China, Mexico and Burnt Hill he said nothing is going on with them right now.
Asked about his trip to Windfall and he said it was FANTASTIC!. He said we're 300 meters underground and that soon there will be pictures posted on the web site.
Asked about the 43-101 and timing and he said it was being worked on and will release as soon as they have it.
He was busy so I asked if everything looks good and he said yes. I asked when the promoters are coming back and he laughed and said don't worry about the stock. It was a positive conversation so I feel better already and glad I had this short chat with him.
I'm still holding strong, GLTA, Tcp
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Sorry. Nothing from my guy recently. My personal impressions are that Eagle 1 doesn't have enough tonnage to be put into production. There is absolutely no infrastructure in place to support an operation at this point.
I am not a shareholder of NOT. I do like WSR but I don't have a large position.
Check out my other thread for my Oil and Gas winners.
I am not a shareholder of NOT. I do like WSR but I don't have a large position.
Check out my other thread for my Oil and Gas winners.
Hey Lor, how you doin? I have not been on the site for awhile but, I have a question for you. Do you and/or your sources feel that NOSOF is a stock that really will be a hit within the next 2 years? I have 10,000 shares with an average cost of 4.25 and I just don't know anymore. I am not one that really thinks that we will have a buyer buy us at $100 but, do you feel that we have a chance to get someone to buy us between $20 to say $50? Please let me know your gut feeling and I really won't have a problem selling out right now and taking a minor hit. I would be more pissed if I hung in and I couldn't even make a couple of dollars on the buyout. I have been long on NOSOF and really do want to stay in so give me some good reasoning and make a good case for me. Thanks
Hi Lovetowin, Everything going great (except NOSOF stock price), waiting the arrival of my first grandchild.
As for NOSOF I do believe we will be bought out by a major company for a much larger price than we are at today. I bought my daughter & her husband this stock as a wedding gift, Here is a post from AB, these & CEO Richard Nemis saying stock price of $28.00 a share keeps me long on NOSOF. I don't think all the jvs would be rushing to the McFauld's Lake if there wasn't going to be a mine there.
Conversation with Neil Novak
Posted on June 17, 2008 04:29PM
Hey everyone, I had the pleasure of chatting with Neil this afternoon. Neil is a no nonsense type of guy and deals directly in facts. He was very nice and was in a good mood. I haven't talked with Neil very often but I will again as he was incredibly knowledgable. We laughed a few times as he lost me with some in depth geo talk.
This is what I asked:
1. What is the significance of the chromite in E2.
He said with only one hole drilled and released it isn't easy to point out publicly the significance. We are still in the early stage of the chromite discovery. He wanted to do a comparison in the release with other mines but the lawyers and TSX would not allow it. The grades and intersections encountered were higher than in most chromite deposits being mined presently. It is going to take more drilling to confirm size. He also mentioned that the type of intersections in the chromite on the NOT property as compared with the NE hits leads them to believe that they are closer to the host.
2. How is the 43-101 coming along?
He said that Tracy is working as fast as she can and is doing great. She is comfortable saying that Eagle 1 is a deposit and not just an occurence. They are adding a chrome section to the 43-101. This will allow him to talk a little more freely with investors about the chromite. I am not sure if this means E2 will be a part of the 43-101 or not.
3. Where is the 4th drill?
The 4th drill is on order but was never brought in as there would be no one to operate it. There are many JV's that will be under the gun to start drilling soon so things will be picking up.
4. How is everything going with Actlabs?
Actlabs is doing a great job with turnaround times. They should always come close to the 2 week time limit barring no major issues. If the threshold is more then 1% for Nickel/copper they need to be re-sent in which usually takes another 2 weeks. Actlabs will ensure much quicker results than in the past.
It was a very good conversation with Neil, but he obviously couldn't say too much. Neil seemed very happy with the way things were progressing. He is very passionate about what he does and is probably why he is so good at it.
I believe we should be getting assay results fairly soon for E2 as simple math would dictate this. Neil obviously couldn't say. IMO the grades will be getting better with depth for both Nickel and Copper as the last NR stated they got significantly better at depth. I personally believe that we are on the right track to finding the pool of sulphides at E2 if we haven't already. Only the NR will confirm this however. All seems very well at the NOT office and they seem to be keeping themselves very busy.
Take care all and keep the faith, good things coming.....
As for NOSOF I do believe we will be bought out by a major company for a much larger price than we are at today. I bought my daughter & her husband this stock as a wedding gift, Here is a post from AB, these & CEO Richard Nemis saying stock price of $28.00 a share keeps me long on NOSOF. I don't think all the jvs would be rushing to the McFauld's Lake if there wasn't going to be a mine there.
Conversation with Neil Novak
Posted on June 17, 2008 04:29PM
Hey everyone, I had the pleasure of chatting with Neil this afternoon. Neil is a no nonsense type of guy and deals directly in facts. He was very nice and was in a good mood. I haven't talked with Neil very often but I will again as he was incredibly knowledgable. We laughed a few times as he lost me with some in depth geo talk.
This is what I asked:
1. What is the significance of the chromite in E2.
He said with only one hole drilled and released it isn't easy to point out publicly the significance. We are still in the early stage of the chromite discovery. He wanted to do a comparison in the release with other mines but the lawyers and TSX would not allow it. The grades and intersections encountered were higher than in most chromite deposits being mined presently. It is going to take more drilling to confirm size. He also mentioned that the type of intersections in the chromite on the NOT property as compared with the NE hits leads them to believe that they are closer to the host.
2. How is the 43-101 coming along?
He said that Tracy is working as fast as she can and is doing great. She is comfortable saying that Eagle 1 is a deposit and not just an occurence. They are adding a chrome section to the 43-101. This will allow him to talk a little more freely with investors about the chromite. I am not sure if this means E2 will be a part of the 43-101 or not.
3. Where is the 4th drill?
The 4th drill is on order but was never brought in as there would be no one to operate it. There are many JV's that will be under the gun to start drilling soon so things will be picking up.
4. How is everything going with Actlabs?
Actlabs is doing a great job with turnaround times. They should always come close to the 2 week time limit barring no major issues. If the threshold is more then 1% for Nickel/copper they need to be re-sent in which usually takes another 2 weeks. Actlabs will ensure much quicker results than in the past.
It was a very good conversation with Neil, but he obviously couldn't say too much. Neil seemed very happy with the way things were progressing. He is very passionate about what he does and is probably why he is so good at it.
I believe we should be getting assay results fairly soon for E2 as simple math would dictate this. Neil obviously couldn't say. IMO the grades will be getting better with depth for both Nickel and Copper as the last NR stated they got significantly better at depth. I personally believe that we are on the right track to finding the pool of sulphides at E2 if we haven't already. Only the NR will confirm this however. All seems very well at the NOT office and they seem to be keeping themselves very busy.
Take care all and keep the faith, good things coming.....
Here is a map of the McFauld's Lake JVs staking to look at. The link attached has some other maps & info of interest. Lor
http://www.provinsys.com/mcf
http://www.provinsys.com/mcf
Stop fooling yourselves people stock is DOA....I tried ti live the "dream" with you guys, but think with your head and NOT you heart...Stock has lingered Down for months down and Nothing even good news brings it up..IF IF IF you have three years to waste this stock might have some value..BUT you will be able to buy it BELOW 3 dollars a share months from now...So b smart and get out while you can
hno:
I think Lor and I are in the same boat and feel the same way about this stock. NOSOF I am hoping is going to be a mine in the future (I feel within the next 2 years) but, we are a little nervous right now being down. My average buy in is $4.20 and I am down a pretty good amount but, I am really hoping that what everyone is saying on other sites is true and a major buys us out somewhere between $25 and $100 a share. I don't know, I get emotional sometimes about my stocks but, with this stock I really have a good gut feeling about it. I really hope it all works out for all of us.
Lovetowin....I see where your heart is, but to think that this stock is going to be bought out at ANYWHERE above $25 is a BIG Stretch....Heck everything is wrong with it at this moment, in fcat the CEO recently sold some of his own shares. Always be carefull AND bewilling to lose what you invested if you want to hold on...cause it is going lower and I don't want to see any fellow rxer get hurt....if you have the patience you may wind up with a 13-15 dollar buy out 2-3 years from now?
