Great find mmss; and babjak memory triggers.

My sense of things re :the above info, and from memory triggers of conversations with Paul Semple.

One of the things that has stuck with me is that Noront management is very conscious of the financial consequences of getting the EN build costs nailed down and right; the mitigation of risks (eg FN; enviroment) nailed down; ROI nailed down. This is the only way to trigger investments and financil approvals of all stakeholders: Private sector must put skin in the game , first.

Semple has indicated that government (especially ON) wanted the private sector to commit to "investing first" ... with demonstrable investment contribution to infastructure (roads). This appears to have been a road block antil the mmss article find. The Feds kept saying to ON ...wheres your plan; show me the plan. before we agree to "match" an ON investment.

I find it was very revealing:

-I too noticed the missing "public" part of the 3P partnership , and some others have talked about it in the past;

-Semples' interview says: we (NOT) will build/pay for the E/W road with six to -nine FN communities along the right-of way which creates many long term, permanent, skilled FN jobs and FN ownership will occur due to long term construction/maint./services contracts to FN companies (local?) (based on performance/training received and service level agreements, etc). FN communities will join/invest in the ON Development Corp. and receive road/services "royalties" from "Devco" based contracts and profits.

- In return for NOT financing of the E/W road, ON will bless the road as an ON hwy, and maintain (costs) of it. At a designated future date; (per NOT EA plan/FS timetable);

- The mine life appears to have been officially extended (to 14/15 years from 11 years (making indicated/inferred minelife (about 32 years per Babjak) at present RE resoure findings); the cash flow/profit breakeven is now 2018 - or a one year payback for mine infastructure/road investment (not too sure of this); this triggers NOT's road build investment requirement of "NOT's declaring an investment first", and triggering already agreed upon ONT investments such as power along the E/W right of way; educational / housing; timely AE approvals ; and that ONT follow the NOT ENest RoF plan contained in the EA submitted tomorrow. This sinificantly de-risks the EN investment; gains the RCF/BOA investor approval and FS timeline.

-IMO, ducks lining up; election platform forming. Again, my sense of things.

Peter

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