"How does anything you have stated prevent a sizeable appreciation in the SP?"

This depends on what 'sizeable appreciation' is for you and me! RCF will hold near 30% of Noront soon. At an average cost of 50 cents or so a share. Is "sizeable" a four-bagger from there? Many would take the money and run at that price. Like it or not. Or is "sizeable" being a 'wake-me up at 20$' kind of exit ? For my part, a sizeable appreciation would have allow me to exercize the 4$ warrants I got from the Freewest saga. But I think that RCF will have managed to get out well below this number - though I hope to be wrong! And RCF will take his game out with the endorsement of other insiders including Baosteel - who would probably partnering with the ultimate buyer along with a supply agreement. Bids are open for guessing who will be the runner up?

A stock can surge from 23 cents to 5$ during the exploration stage, with low float and much speculation. The ZEN (or 2007 NOT) effect. But in the development stage, with sharks on board and a heavy float and infrastructure expenses all ahead + remoteness + FN + years before any ROI, well, I feel like being a bit more realistic as regards to the exit point!

And don't get me wrong, I will not blame a shark to be good at what he is! I would rather be shocked if I see it acting like a dolphin. So my point is : just beware guys... A shark is no angel!

GLTA.