I want to start by pointing out the news of the announcements made today occured after the close on Friday. Having said that....although not what many here had hoped for; all in all....positive for Noront in particular....and positive for prospects for flow through shares; on this investment as well as others.

The recent run up in stock price....are we to believe that some of that had anything to do with today's announcements, or perhaps....one point being made over and over recently....that Noront is back to a leading role in the ROF.

But...with our current share price.....let's face it; no mine will be built. How do you finance the building of the mine when the cost is more than 5 times your market cap.

So the share price needs to move up.

Then we have Cliffs ROF assets.....apparently up for sale. Now, NOT and KWG both expressed an interest.....remember, Cliffs paid upwards of $500 million for those assets....even at $50 million....virtually impossible without huge dilution.

And again....the share price needs to move up to achieve this.

But then....think of the ending result....if Noront manages to consolidate their land holdings with that of Cliffs. And FNC's optioned off property to KWG/Bold....that's really going nowhere....perhaps a deal there....and further consolidation.

Or, the alternative.....somebody at some point will take us out.