Lets see now, I own Not and FWR both (for quite a while now). I want both to go up, hopefully to something approaching a true valuation of the deposits they have.
Recently I posted re my personal investigations at the Cambridge Convention, in particular about the developments around the chromite deposits on the FWR and FWR, KWG,SPQ joint venture claims. This developing situation should be really good news for NOT as well as those companies since it seems a very large part of the infrastructure cost in the ROF will be taken care of by the financing of a rail line to the area. All in the area will be able to use this.
In addition to that, the chromite deposits in the ROF are conclusively shown to be a valuable resource., well worth major investment to develop. All the chromite deposits, including on NOT claims. There is a lot, sure, but very high grade and easily competitive with mines elsewhere. I dont think development of one or several deposits devalues other similar ones in the area.
Oh by the way, that is all just My Personal Opinion
Since one major complaint has been that ROF deposits will have to be extra special to justify infrastructure costs, i would expect to see NOT receive considerable benefit from this rail line. Obviously the Eagle deposits will be even more attractive now. Well, obviously to me anyway.
So then, why sell NOT to buy FWR? For goodness sake, buy em both, or hold what you have.