So much has been writtem here and elsewhere of CLF being the big bad wolf, so I thought I would offer up another viewpoint.

First of all, FWR, in late 2008? was at a low of 17 cents due to tax loss selling. It had crept back up to 27 cents when NOT initiated an offer for a share swap making them worth 45 cents/share. Ensuing counter offers between CLF and NOT enventually drove the price to a dollar in cash, which the shareholders overwhelmingly accepted.

While I dearly wish NOT had been successful then, they were not, and although everyone rails on CLF for stealing FWR, in truth, NOT started the fight, and it was the shareholders that decided the outcome. I doubt if there was one shareholder that didn't get at least a double bagger out of it.

There is no doubt, nor was there then, that the preference would have been for NOT to win the day. If so, we would probably be close to production by now. However, speaking for myself, I sure wasn't going to turn down what was, for me, a three bagger.

Shortly after, SPQ was down to 3 cents. Novak was having a very difficult time trying to raise any funds at all, and did finally close a placement at 3 1/2 cents. Shortly after, he did another one at 5 cents, but pretty much knew the well was dry.

When CLF came knocking, it was for both SPQ and KWG, at 13 cents. When KWG countered with an offer to amalgamate, CLF dropped them from the offer and eventually raised the SPQ offer to 19 cents. It was acccepted overwhelmingly by the shareholders, myself included, as I had participated in both of those recent placements.

At the end of the day, we have two entities left, KWG and NOT. The average shareholder of either of these companies seem to have a real hate on for CLF, with some wishing CLF would pick up their marbles and go home, and they may.

Most of what CLF is doing amounts simply to delaying tactics. In the days leading up to the FWR buyout, CLF was trading in the hundred dollar range. Now it is a mere quarter of that. This translates into a fourfold increase in the cost of the ROF compared to their other assets. They simply can't afford it at the moment.

At the moment there are ongoing, productive discussions taking place between the Province, Federals, natives and Noront. CLF and Marten Falls are excluded, and I don't know that KWG is active in these discussions. Perhaps our efforts (and words) should be directed more towards making CLF a friend, rather than an adversary.