In the ROF, many assumptions and speculation as retail tries to get a grasp on whats transpiring behind the scenes. The latest with NOT, their newest evaluation of Eagle One and now stating that their sh rights plan is in place. Their recent transaction of PRB,s j/v on the chromite has isolated Not further. If NOT is setting theirselves up for a takeout, then what effect will that have on us and our sp? I wonder if the recent early warning from Joe Dwek fits into this somehow.

This taken from the MD&A; (was previously posted here by Banana BOY)

The 2,560 hectare McFauld’s Lake property continued to be an area of focus in the last year. A substantial portion of the Eagle One ultrabasic intrusive complex (C1 Target) is located on the Company’s property. The immediate focus for Fancamp is the NE sector of the C-1 target along its eastern granite contact from the Noront boundary for some 300 metres to the SE. JVX-MLEM (moving loop EM) has indicated a zone of very low resistivity along this part of the contact at a vertical depth of 400-500 metres. The occurrence of high grade nickel bearing sulphides in Holes 2 and 10 adjacent to this contact attests to its prospectivity. (See McFauld’s Lake Property under Mineral Properties section.) An initial 4,365 metre drill program that began in mid April 2010 was completed in the first week of July and results are pending. Further drilling is planned for this year.

So, wouldnt it be logical, that if Not is taken out, that the purchaser would want our extension? It seems as of late Peter is spending like crazy. Is he forced to prove up quickly by the shareholders or does he know that he has to? If it is Cliffs after NOT, dont you think that we have as much or more to offer into Cliff,s specialty?