Constance Lake FN is one of the four southern communities who are a part of the Matawa Tribal Council.

Previously there has been som discussions on this forum as to whether the southern communities ought to be excluded from the RoF negotiations for a Regional Agreement because of their location approximately 300 km south of the RoF, thus making them irrelevant "have not" communities, which will just mean more revenue sharing payments for the RoF companies.

I did some DD the other day. Constance Lake FN is close to the Albany deposit owned by ZEN. This probably means that the Albany deposit will contribute to the revenue sharing payments for the Matawa communities because of the Regional Agreement, consequently lightening the burden for the RoF companies (especially NOT).

I don't know much about revenue sharing, so for reference I just use in-situ value as an example.

As far as I know the in-situ value of the Eagles Nest deposit is $10 billion (over a period of 11 to 21 years from 2018?). The Albany deposit is not nearly as advanced (we're waiting for the PEA), but an in-situ value of $12 billion has been mentioned (over a period of 20 to 25 years from 2019?). For reference the total in-situ value of the known chromite deposits are $ 50 billion (over a period of some 50 to 100 years from 2022?) as far as I know.

My point is that this could potentially lighten the burden on NOT for revenue sharing payments considerably during the first years of production, as there is not the same infrastructure issues regarding the Albany deposit. Hence it could probably be in production some years before any significant chromite mining (e.g. KWG) takes place in the RoF.

For further information, please read my post on the ZEN forum:

http://agoracom.com/ir/Zenyatta/forums/discussion/topics/636563-zen-and-the-ring-of-fire/messages/1997329#message

GLTA NOT, KWG and ZEN longs!

DRA