I was over there for a while and talked to a number of financial guys and regular investors. I can say without doubt all of them had heard about and were knowlegeable of the ROF and Noront specifically. From what I could gather there is a whack load of $$ sitting on the sidelines waiting for a definitive move from the Ontario Govt. When I asked what type of movement would it take for some larger investors to get involved they all said pretty well the same, settle the aboriginal issue and put a $$ figure to the investment in infrastructure.

What was interesting was a few folks commented on the poor PR job being done by the BOD., something we all are aware of. However to a person they had nothing but praise for Richard Nemis and John Harvey. Amazing how after all these years these two guys are well respected in the overseas investment community and as for the present team, well there wasn't much comment.

I just read the annual report and I will be voting against any increase in options for this team.

GLTA

Joe