IMO Frank Smeek is a fantastic visionary. I originally bought into KWG gambling on the outcome of the easement, and increased my holding after news about the patent. Both issues set KWG apart from all other RoF companies, and are along with Frank Smeeks published plans for developping the RoF proof that he's a true visionary. So what's wrong?

IMO the problem is that Frank Smeek is CEO in a company that is much too small for his brilliant ideas, and for that reason it is apparant to me that KWG is anything else but in the driver's seat.

To me it's obvious that KWG haven't been able to raise the cash needed for this winter's drilling, because noone wants to fund a RoF company until the infrastructure problems are solved. Luckily for KWG the market sentiment is so negative right now that FNC (and BOL) can't find anyone else who would want to take over where KWG left off if the option agreement were terminated - and that IMO is the only thing that keeps KWG in the game regarding the Black Horse deposit.

I think KWG can get all the funding they want contingent on that the infrastructure issues have been solved, so let's turn our attention to that.

To me there's no question that the real stumbling block that's has delayed development of the RoF so far, is the FN. Please see my recent post on the NOT forum:

http://agoracom.com/ir/Noront/forums/discussion/topics/630190-natural-resources-minister-greg-rickford-says-ring-of-fire-oversight-body-needs/messages/1976995#message

Gravelle actually might be doing a better job than most people here give him credit for. To me the phrase "getting it right" refers to the reality of mining in the 21st. century, opposed to the phrase "just get it done" that IMO refers to mining in the 20th. century (the "good old days" where mining companies only worried about their bottom line).

I'm pretty sure Gravelle has a plan, and is in fact implemting it. He has applied for funding for specific infrastructure projects from the Building Canada Fund, and this week Wynne met with Harper to start the process of getting the Federal government on board. Not until the the Provincial and Federal agree on the plan and the subsequent funding, will he be able to negotiate the final plan with the FN. I think it'll take half a year to get the commitment from the Federal government (so the Conservatives can use that in their Federal election campaign), and another half year to get the FN to agree to the plan, so I'm afraid we'll have to wait another year before there's concensus for the RoF plan.

The positives for KWG in the delay is that I suspect time might be working working for them in some respects. I suppose the patent application is moving forward, so that's good. The TSX-V stock market and metals markets are terrible and might recover. A specific KWG problem is CLF, and another year or so might also soften up CLF further.

GLTA KWG (and NOT) longs!