Another joint venture...at a time when financing is becoming harder and harder to come by. What is the great leader of NOT trying to do?? I feel he is attempting to extinguish any thoughts that the ROF will be taken over by anything less than those who own it now. I'm sure NOT is not the only ROF company that has money right now. Their about to pop 5 mil into a JV which says to me they want a piece of the pie wherever they can get it right now. Why would a company keep taking on exploration of other properties owned by various other companies within the region. Because a) they can b) it keeps the financial interests of the area local to the companies that have discovered the goods c) they know or have at least ascertained that these regions will be profitable and of course that will add to the overall financial stability of NOT.
If there is one thing we know for sure. RN is not looking to see outside sources get into this region. Its not in the interest of his company, nor his investors. I'm perfectly content to see NOT have a JV going with every company within the ROF. This is what will force the eventual buyout to be at a much higher price. It's the "If you want us you have to take all of us or you get nothing" attitude. Basic, old style but nonetheless effective at the negotiation tables.
I'm just beaming thinking that RN is taking a firm grip of the area and delivering a message to the Doubting Thomas' that this play will be over only when he says so. RN and his team must be respected by the other companies in the area because they have been jumping on his bandwagon for a while now. If they want in with RN why would anyone doubt where we are heading here. Its a no brainer. To put it bluntly...a Freightliner travelling at 60 miles an hour down a steep incline will not be able to crack the boundaries driven into region by the wheeling and dealing results of this Noront team.
This blip in time will seem like a gas bubble in the digestive system when everything is over. Keep the faith. Keep some cash for emergency buyin's where you can. Don't bail or you'll drown in your own frustrations. This is the real thing. Windfall and Double Eagle will both provide substantial resources and mines will come. No doubt that is the plan RN has or at least will allude to until the right buyout comes. Lets all hold our breath a bit longer. As long as we can still breath..we're alive. As long as we're alive the healing will take place.
All the best and God bless you all. Its been a rough ride but our patience will overcome.
Mustangman