So I blew that one - should have done my research. My apologies.

However, my main point still stands: we have a FINANCIAL crisis not an ECONOMIC one. In fact, I believe that the high libor rates further illustrate the banking nature of the financial crisis.

Now the financial crisis obviously points to a liquidity problem - talked about often on this forum. Noront, for the next while, doesn't have an issue here. In fact, I would hazard to guess, from what I know of some of the financiers of Noront, that these financiers would probably belly up to the bar with some more cash if it was needed.

Naturally, I would prefer to see this happen at $7 versus $1.50. But I see Windfall having a positive impact on any such future action.

Snug