There was an item that was brought up on the NOT board yesterday. Since I was not aware of the item I was trying to track down the source for my own verification. Crazy Trade and Been They have provided the link to the source material, link below

http://thecse.com/sites/default/files/KWG_-_Dec_31_2015_FS_-_Final.pdf

The NOT link is also attached for info.

http://agoracom.com/ir/Noront/forums/discussion/topics/667814-fossil-says-cra-disallowing-ft-expenditures/messages/2091707#message

I was about to contact KWG for their side of the story, but after reading the filing it would seem that KWG knew how to handle the matter wrt to the CRA audit (CRA routinely audit FT expenditures just like any claims we make in our income tax returns). So, I will not contact the company to waste its time.

On a side note, based on my recollection, there was some discussion on the corridor, whether the claims are for mineral exploration or just to get the eskers for the transportation route. There are KWG the mother company, CCC as a 100% subsidiary, and DDI which was later spun off, but KWG still has a good chunk of it. There was some drilling (for diamonds and precious metals) along the claims and I don't know if this was the area of different interpretations for the FT expenditures.

Also, again according my memory, KWG or one of the other 2 companies donated the analysed samples to Geological Survey of Canada (GSC) for GSC to be the guardian of geo information of Canada. Also, the drill samples also provides the soil condition along the esker route...A complicated multi-purpose activity.

Feel free to add any other relevant information, including the latest status of the audit?

>>>Been There: Any news on the potential KWG refiling (of assesment work on the corridor) mentioned your post on the NOT side?

GH