Fellow NOT mushrooms,
With this news from CLF and the Spider proceedings out of the way, I feel that we will be seeing a bit of daylight in the form of news. I do believe NOT management wanted this to blow over before releasing any news. With CLF now in control, Smeenk at KWG will no doubt be the go between for dealing with the permitting, government and FN relations. KWG still controls the cooridor for the rail line and will ultimately be absorbed by CLF sometime down the road. This was my thought going back to the announcement of the "Canada Chrome" venture last year. It's become quite obvious for those that have been following the ROF story. CLF has put up the money for control.
Question is how much more of the ring are they after? If you read between the lines of Boor's statement below, I believe you can see what I am getting at in regards to KWG being their puppet. Boor just can't make this move any faster as the stage is set in reality and they are on track with their plan, just "too early" is what we will be hearing until their feasability and then a second feasablity study is complete.
Gaining the permits to carry out that plan will involve negations with First Nations, as well as a host of ministries at both the Federal and provincial government level, Cliffs said.
“It is still fairly early days for this project,’’ said Boor, a 44-year-old chemical engineer, who is charged with stick-handling Cliffs’ foray into Canadian chromite mining.
“We are still establishing the process of how to move forward with environmental assessments and [figure out] how that will dovetail into permitting
I believe we should be getting news from Gravelle also on the ROF coordinator soon to move things along as his office has a very aggressive timeline in place.
So they stage is set for news from NOT. The timing seems right and the share price is at it's lows,,,,,,, a similar pattern to last summers SP run up.
I believe those on this board that have accumulated lately, as I have, will be in for a very good return on their investments.
Bring on the news, WES! It's about time to see the real benefit of owning all these shares. You can open the shed door and start picking us mushrooms because we sure as hell are ripe and ready to go. Please no more manure!
Gripping tighter to my old shares and growing quite fond of the new one's too.
Good luck to me and my shares... and you and yours.
mynot