1) NOT is concerned FWR will snag Cliffs investment and Cliff might not be interested in NOT. Naturally NOT, who was devaluing the value of chromite switched their tune and wants to do everything they can before Cliffs gets in bed with FWR. It may or may not be of Cliff's interest to have both KWG, FWR, as well as NOT. They don't need NOT to become leader of the ferrochrome market. That should not have NOT worried.

2) NOT management should refocus all attention on C1. Going elsewhere, before they've explored the obvious C-1 nickel spot, is the mistake management didn't like about Nemis. Nickel is still the mainstay that will attract Majors and should be the focus of management's marketing. They need to at least get to a feasable deposit. They have a long way to go and C1 is the key. Also, if I were management, I would do everything I could to get P.Smith's FNC drilling again to reach that feasability goal. Unfortunately FNC is out of cash, so NOT should cooperate on one or two well-researched holes on FNC's property. Outrageous! but necessary. They should also help FNC get the assay results back asap.

3)DO WHAT EVER IT TAKES TO GET FEASABLE ON NICKEL. Don't be distracted by FWR's chromite. FNC and NOT need to cooperate and finish C1 to get a good feasable marketable 43-101. The simple fact is: there are very few players who will want more chromite then FWR already has. Plus, with our outstanding shares, if Cliff or a competitor were to drop some investment, we'll make very few points relative to a successful Nickel motivated investment by a major.

That's my take, let's see what NOT management says after Mac gets back from London.

Stock Greed