Interesting generalization. Recall that Noront went through the first phase on the Windfall Lake Discovery and was in the area of the #2 on the graph in July. Then the clock got an abrupt reset with the Strike at Double Eagle. With this very significant New Great Discovery in the "RING of FIRE" the clock got set back to somewhere before #1 on the chart. Now we are somewhere in the area slightly to the right of #1 and will be climbing the First Big incline over the next six months to twelve months. With Grade remaining good and Tonnage increasing over the Winter we should see the SP climb this first incline smartly. The climb will be very high if/when a second and/or third new discovery is made by Noront or one of its JV partners. This will complicate the transition from the first phase and into the second phase. Otherwise we may well expect a chart that looks much more like what Diamondfields produced for its SP when proving up Voisy's Bay. In the Partnering with a significant Major or similar deep pocketed Enterprise will make Phase #2 to #3 much more difficult to model at this very early stage. If/when the other Properties are spun out then we can expect them (their SP) to take on a pattern more in keeping with the chart for Phase #2 to #3 on the chart. What a wonderful situation to be in! Old Joe