"Toronto-based Noront Resources is getting quite the deal for about 103 mining claims -- including Cliffs’ flagship $3.3 billion Black Thor chromite deposit -- in the region estimated to be worth $50 billion during the height of the commodity boom. Cliffs paid $240 million for the assets in 2009."

Here is NOT's price......

"Noront is financing the deal with debt. It took out a US$22.5 million loan from miner Franco Nevada Corp., which -- in addition to interest -- will receive a three per cent royalty in the Black Thor chromite deposit and a two per cent royalty over all of Noront’s other properties in the region, except for its flagship Eagle’s Nest deposit"

Now where is the Ontario Gov't when you need it???????