The right-of-way staked and assessed by KWG subsidiary Canada Chrome Corporation will provide the alignment for the route. The First Nations whose traditional territories are traversed by the route will first be consulted to insure that their interests are accommodated, prior to further definitive agreements being undertaken by the parties.

I think I would have preferred to hear: "The First Nations whose traditional territories are traversed by the route HAVE BEEN consulted to insure ..."

So now I think we wait again, until initial consultations begin in mid-March?

This line is useful:

have signed a Memorandum of Understanding today setting out the terms for mutually proceeding with a feasibility study for the design and financing of a railroad.

I had been skeptical that Frank would return from China with an agreement about financing a railroad. It makes more sense that any agreement about financing a railroad would not take place until a proper feasibility study is able to correctly assess the potential for the project. So hopefully by next January (2017) the majority of the FS will have been completed, and a year from now, we'll be waiting on news about whether or not the project will go ahead. At that point, perhaps there will be some further progress on the patent application. Perhaps there will even be funding available by that point for a road to be built into the Ring.