First off I have listened very carefully to the luncheon presentation after hearing all the comments good and bad. Now I just can't see why anyone thinks Joe Hamilton was slamming FWR or Cliffs. Honestly guys/girls I think this whole thing was very professional, factual and long over due. I wish now it was in the middle of May, as I would have attended, as I will be in Ontario for a week visiting family.
Joe was very clear about why Cliffs involvement was not necessarily significant. He stated something to the effect that unless they change their present market target their involvement is not big enough (meaning their present North American market cannot produce enough bucks to make this go).
When comparing to FWR he is simply saying we have, mineable Nickel proven, nobody else does (at this point) and it is the Nickel that is required because of marketing, to develop the area.
As already pointed out, and some have seemed to miss this point, he does not want to dilute our shares to a point of worthlessness, and would prefer to get equity financing. This is the issue, being able to pay back the financing in a timely fashion to build the infrastructures that would make the cromite mining viable over a very long period of time.
So finding more nickel to create the quick revenue, to pay for infrastructure over a few years makes the WHOLE ROF valuable and by association our shares.
Now keep the faith