I watched The Agenda on CBC this week (9th June episode), the current affars discussion programme with Steve Paikin moderating, and the current Ontario finance minister, Charles Sousa, when asked about what is happening in relation to the ROF, said his govt has committed $1billion to "build an all-weather road to the Ring of Fire" -his words, as near as I can remember. Now, he is the finance minister, so he will know the amount, but may not be entirely up to speed on just what it is for, at least I hope so. $1billion for a road must be for one along the esker corridor. No mention of rail or the ONTC.

Never mind, so long as they, whichever party is the govt, do something substantial.

A road by whichever route helps everyone up there, and if along the esker, would mean KWG should get paid something, and also should leave room for a pipeline for chromite.

Government involvement of course makes for slow progress at best, especially when it comes for paying for an easement, compensation, or similar, but would mean the possibility of buying some of CLFs assets with that cash, or by borrowing against a future payment.

We also have the possibility of raising capital without diluting current shareholder's equity, by virtue of the added desirability of the new class of shares (Multiple Voting Shares) which will be available soon, if approved by shareholders vote.

As posted by rj, quoting another - " For me it allows me to change at my discretion, my shares from say 0.10 Cents to $5.00 (at 50-1) I can now Margin those shares. I can borrow 70% of the value in my account at prime plus 1% to use to purchase stocks or just cash

KWG - Noront has acquired Cliff's camp and we have aspirations for their other ROF assets. Whether for those or other big ticket assets that will be accretive to our business plan, being able to give a mortgage back to the vendor would allow us to make those acquisitions WITHOUT DILUTING THE COMMON SHARES. Having the articles amended to provide us with the ability to issue PREFERRED SHARES means we don't have to "PAY CASH FOR OUR HOUSE, BUT CAN TAKE A MORTGAGE ON IT LIKE EVERYONE ELSE''.