Sold today...Got in this morning near the low at .88 and sold in the '90's after news came out on Noront.
The momentum has shifted in this play for the short term at least, and I suspect PRB, Noront and the rest will decline significantly over the next few days, which may create some excellent buying opportunities. I still like this play over the longer haul, but I'm backing away for now.
Hole #6 was a dud, which is what I was speculating on yesterday. The area of mineralization that NOT has discovered so far covers only a fairly small area. This is no Voisey's Bay at the moment...NOT has hit on only 3 of 6 holes so far...hole 5 assays will be likely very good, but keep in mind that hole was drilled down-dip...not giving true width.
Shorters will be all over NOT tomorrow I suspect, and a drop below $3.00 seems inevitable to me.