Keep Digging,

Your post says: "This is where the share restructure comes into play – it will attract institutional investors to perhaps invest in the construction of our preferred method of transportation. From my earlier post, what if the share restructure allows for the acquisition of assets to the benefit of the company – what if Frank is preparing to buy some of the ONTC assets? Think big my friends, because Frank is thinking big and the ROF is big".

Yes, a stake in the ONTC is one of the possibilities, but Frank may not have to fork out any money for a piece of ONTC. KWG can bring its assets (the RR easement, the gravel permits, etc...) to the table and get a piece of the "consortium" (= port authority?) which would include KWG for sorting out the access to Fed money/the 3P money, ONTC, the union...(yes, the union, since their jobs are on the line, and it's alway good for the company if you have the unionized workers to have a piece of the company, = their pension plan)., and of course some major investors other than CLF.

Another possibility would be to have a JV between KWG/NOT at least for BlackHorse/BlackBird. It would not be a surprise to see a news release saying that the two deposits actually join at the hips. Something like this: "Oops, the KWG/BOL stupid drill did not know what's it was doing and went some 30m over to NOT land. As it turned out they found chromite high grades, all the way from C-1 area to NOT land. So, let's share the data and might as well form a JV (for chromite at least) with Baosteel provide some funding to this JV for a stake of this JV which includes the benefit of using, at preferential rates, of the RR for transporting Ni out of the RoF."

There are other possibilities: KWG and NOT may swap shares?

Why CLF voted against the super shares. There must be something that they fear. Perhaps, the large institutions (which are now allowed to buy $2.00/s following the approval of the supermay joint force to form a bigger block than CLF block? We should not forget that Baosteel is sitting there in the corner watching the whole situation. Money is not an issue for them. They did not appear to worry about RCF having some 19.9% of NOT (while they sit at 9.9% with an option to increase it to 19.9%, but have not taken this plunge).

RCF is in this for the money and would sell if the price is right. KWG/NOT swapping shares (or something equivalent) would be a very interesting scenario.

CLF will probably vote NO against the super share this time around, because of this fear? If it votes YES then I would have a hard time coming up with an explanation.

Note: Baosteel could easily buy part or all of CLF. A 49% stake (say for $2B = 50% premium over the current Mkt Cap) would provide a lot of influence in the way CLF is doing business). $500M for the whole KWG is just chump change. They (CLF or Baosteel, or some other folks) would keep KWG as their Cdn subsidiary for the benefits from the Prov, the Fed money, and their excellent relationship with the FNs.

Enough speculations for the day.

goldhunter