"For the Company to earn an interest in the Black Horse deposit under the option agreement with Bold Ventures Inc., further exploration expenditures of $2.2 million must be completed by September 30, 2015. As no funds for that exploration expenditure are presently available, the Companys interest in the option may need to be relinquished unless its terms can be amended beforehand."
If any prospect with Noront doesn't seem to be on the table, perhaps a discussion with Probe with it's large cash on the balalnce sheet and Black Creek chromite holding would be open to a partnership with KWG. This would certainly help KWG and put more pressure on NOT.
