The disruption due to challenge to Noront's current Management and BOD no doubt causes problems in negotiating 'deals' to advance the interests of shareholders. Everyone seems to know that Noront has been working on various ways to maximize the value of Windfall. Secondary is the issue of maintaining close focus on ROF which leaves Windfall floating a bit which isn't ideal.

Lately it seems that bringing on board a major partner to jv and manage Windfall is getting most attention. No idea if this would be outright sale (unlikely in my opinion) or BUY IN for sizeable percentage. This kind of deal takes time to finalize expecially if a lot of cash will be changing hands.

Whatever happens it's unlikely to change our commitment to back up current Noront management and directors. Getting hands on another 10 or 15 million dollars to invest in ROF covers everyone's butt for another six months to year without fighting the market.

Can't see Noront not holding on to percentage of Windfall or good Net Smelter Royalty and I'm leaning towards favouring NSR.