It seems like people here are getting a bit antsy about the ROF chromite discovery and who will develope it. Old Joe mentioned that there will be more than one. I post here and on the FWR board and I have shares in both. There seems to be some competition between the two camps and speculation about who will be successful even though most of us are invested in both. Some seem to think there needs to be consolidation. I have posted that consolidation is not in the cards and it doesn't need to be. In Labrador West, there are three large scale iron ore mines operating and there used to be five. Cupcake can elaborate on that area since he works in that industry and lives there. All three are owned by different parent companies and share a lot of infrastructure such as rail, roads, suppliers and contractor support, power supply etc. It was all started by the Iron Ore Co. of Canada at Knob Lake and then at Lab City. This is a testamonial that there are cooperative and synergistic possibilities.

However, the global demand for iron ore is quite a bit larger than for chrome. The global demand for chrome can be met by existing producers. The challenge is to use new technology and to have more economical ore bodies so that you can be competitive. Lets face it, every player is out to make a profit. Profit loss at any one of the links and the chain is broken. If we can provide ferrochrome fob the end user at a lower cost and comparible quality, the end user will buy our ferrochrome. We will be the price setters. Then, we investors are on a beach sipping pina coladas and we all like happily ever after.

We are not quite there but we have the potential to get there. In my opinion, it looks like FWR will have the reserves to be a producer on its own if a major buys them. Same for NOT and they have much more land and they have proven nickel. There is also an abundance of copper. Farther North, it appears there is copper/lead/zinc. It is quite possible that there will be a climate and a resource that will prosper under a cooperative approach rather than consolidation. So there are three scenarios in my view, 1.Cooperation of multiple miners, 2.Consolidation of juniors under NOT, 3.Buyout of strategic junior(s) by a major.