Penseur:

Thanks to Irish111 and Srato at the NOT golf tournament in Sept. I now attend to the KWG boardm (mostly NOT and PRB boards in past) and have just read your very interesting comments, in particular nos 7,8 and nine below.

7. It's more probable that KWG partners up with Feds, FNs, ONTC and Glencore, (probably under the PPP umbrella) than any other option that has been discussed here for the last six months;

8. Baosteel will end up with their offtake agreements from Cliffs but at what price; they may have saved on building the RR, but they are going to have to build the mine and the smelter for Cliffs; that makes for very expensive CR...probably more than what they are paying for now from South Africa (short to medium term)

9. There will be more than one CR mine in the ROF, probably many of them owned by Glencore; the capacity of the RR will be surpassed and the port authority will have to make plans to build a deep water port near the mouth of the Attawapiskat river, to accomodate shipping to overseas destination through Hudson Bay...

As a result of a number of conversations with NOT COO Paul Semple i have posted my speculations of future events which very much agree with your pts six and seven above with the side note that where you say Baosteel, read NOT/Bao; and Glencore read Xtrada.

I was particularly intrigued by you point 9: a hud Bay port for overseas. This is very strategic and has a a vision which will mirror and trigger the Feds tba port authority announcements; $$ infastructure investments and bring in ON;FN; jr v consolidation and timing to take advantage of PC election promises to be made during the forthcoming spring/13 Ontario election.

Loved your post.

Peter