#3875 - Friday morning thoughts

Good morning. Overseas markets are for the most part a sea of green this morning. Commodity prices continue there march to higher prices, which makes the thought of the TSX hitting the 15k mark just a matter of time. The futures are pointing to a positive opening for the US indices. On the economic calendar we get the Building Permits and Housing Starts numbers at 8:30 and the all important Michigan index of consumer sentiment at 10 am this morning. None of these economic numbers today are expected to be good but the current market has been buying bad news. It will be interesting today to see if the DOW can break through and hold the 13k mark.

Back in McFaulds Lake another day of no assay news from NOT. The stock is just stuck in a trading range from the $4.50 to $5 range. The chart on NOT is semi bullish but it would take a close over $5 to get my attention. Without news today, the share price could go either way, as its hard to know what investors mindsets will be going into the long weekend. At the very least, if NOT doesn't release assay results from DE2 today, they should give investors an update on why its taking so long. These assays have been dragged out far too long. Just can't imagine why it would take NOT two full weeks to put together a news release on the results of the reassays from DE2.

Ever since that last PP to the mining bigwigs, the Nemis promo machine has shut down. Is Nemis tied up and locked in a closet? Strange how NOT has went from rah rah with regular updates, to the zippered mouth treatment. Perhaps the exchange has put a gag order on the Nemis promo team?


PRB's share price continues to sneak up on a daily basis as investors take their positions before the drilling starts on the Double Eagle, proximity play. I expect the share price to stay in current trading range until the actual day drilling is announced. Of course good assays from DE2 or when the assays come back from the outcrop samples this could change very fast.

FNC's team has finally announced their hand sitting days may be over. Out of yesterdays staking news update from Fancamp was the announcement that a website is now completed. Welcome to the 21st century Peter Smith !!!

The rest of the McFaulds Lake stocks are stuck in wait and see mode for NOT to release assays. If anyone has any expected time lines for news or drilling updates from the various McFaulds Lake stocks please let us now. What this McFauld Lake forum needs is some investor participation, please feel free to get involved.

Best of luck to all McFaulds Lake investors.




Al