Forget what the 'market' is doing to Noront and all ROF players today. FWR's news today takes a lot of risk off the table.

I'm talking about the apprehension concerning the rather large cost to put infrastructure in place to support mining in the ROF. The capital cost of this added to that required to establish mining requires a very large ore body to support years of mining.

With FWR tapping both ends of a rich and large body of chomite and Noront already having details on similar body ALONG with untested but prime targets between the two occurances it seems clear enough chromite is there to support a mine and required infrastructure.

THIS means Noront's E1 nickel and others copper/zinc just became economical as they don't, on their own, have to justify infrastructure costs.

Going to take some time for all the details to be worked out and Major Mining Company to take charge but, imho, the risk of this not happening is now minor. Still lots of excitement as players try to estimate values of their finds but a lot less risk than we faced a few weeks ago. Noront no longer has to prove everything themselves.