No support from the investment community as the trend is down big time...with little chance of settling debt coming due. No support from the government....as Noront doesn't seem to have the means to move this forward whatsoever. Also, no support from the FN....they want money, and we have none.
Remember; when the government put the $Billion on the table....that's when Cliffs was involved....someone who apparently had the means to move this forward. Ever since they dropped out....not much support since....and no more talk about the $billion committment.
Once RCF takes their collateral for the loan....and then Franco takes their collateral....what is left....nothing. Someone could be waiting in the wings for this to play out.
Perhaps then, hopefully, I could make back the money I lost on this one with some of the area plays.