Hebe’s hypothesis.

I am thinking that the majority of investors must agree that it is more economical to mine the nickel first, via a road, forget the slurry pipe line, but how long after they start mining product of the Nickel will the chrome be coming into production? This is an interesting question because I’m getting the impression that people think it is way down the road?

Tiring to look at it logically & what would make the most sense for NOT & KWG.

Allan C. has recently stated that NOT will mine the nickel first & is now, all of a sudden, talking about their Chrome. This to me is a big difference in approach from the earlier years where NOT wasn’t even talking or mentioning their Chrome until the Cliffs situation put the chrome in the spot light. The main reasons that come to mind for the change in philosophy is that it so close in proximity to Eagles Nest.

BLACKBIRD CHROMITE FACT SHEET

About the Blackbird Chromite Deposit

The Blackbird chromite deposit is located less than 2 kilometres away from Eagle’s Nest, and was discovered in 2008 while drilling nickel-copper-PGE targets close to

Eagle’s Nest. Because of its size and proximity to Eagle’s Nest, it offers significant potential, and is the second project with Noront’s pipeline economic studies ongoing.

But even less than 2km’s is a very long way to connect the two anomalies underground, as it is pretty clear to all that FN will not allow an open pit mine in the area or another ramp for tha mater?

KWG & Bold have just finished drilling to a depth of 1500m & only 400 meters away from Eagles Nest proven 10 bil. find. They just came out with the revised 41-101 report, granted it is not full proved up, but has been stated by experts, there is a very strong chance the 77 mil. tons will be proven & more.

So, here’s my thought. Frank & Richard, cut a deal on the Black Horse anomaly, & if I understood it properly, KWG gets the Chrome & Bold get everything else.

Frank has stated that our grand childern will become world leaders in the production of stainless Steel. I think this now leaves room for the partnership between them because Noront is more interested in the base & precious metals. After all, with Eagles Nest being traced down to 2000 meters, chances are that this all joins in the extremely rich conversion zone. So why fight over it & no one gets anything out. When they could mine it together & split the $$$ by the metal type?

With this kind of a development, it could consolidate, upwards to 75% of the land claims in the ROF & could take some major money to buy this out, especially when there backed by the Bora Steel & $2 bil.

Just my thoughts on where we are going.

& oh yeah I almost forgot about Cliffs! & Noront & KWG will as well!

Remember Cliffs wanted to hang KWG out to dry & mine their less rich Freewest Claims. Well guess what? Noront & KWG together will hang Cliffs out to dry! Noront doesn’t have to buy those claims now. They will have the option to wait them out & get it cheaper than Cliffs paid Freewest for it. Their stock today is just above $14.00, wow! Maybe NOT to long to wait, as they have been drying pretty quick!

A bit long but I think I have made my point?

Hebe