It's interesting to hear talk about how this fed government has done nothing for the ROF and if re-elected won't do anything either.  The ROF has been around and known to be a major economic opportunity since 2007 and the Conservatives under Harper were in office from 2006 - 2015.  They categorized it as the oil sands of Ontario.  They were giddy that a behemoth US mining entity Cliffs were going to open up the ROF...but in reality did little to assist.  And as a little tidbit, guess who was in the Harper government at the time. None other than the current minister in Premier Fords government Greg Rickford that's who.  Lots of finger pointing and blame for inactivity to go around for all sides.  ROF has been a political tool used for election barter for many years. 

And now complaints about a foreign company taking over the ROF.  Did everyone forget about Cliffs?  Don't seem to recall as much consternation and rage when that happened. If anyone doesn't think Cliffs had every intention of buying out Noront I would suggest otherwise. 

The current deals, although technically Wylo hasn't officially made an offer as yet, are no doubt taking advantage of Noront's inability to secure their holdings by getting a bigger player to support them and the sp eroding.  But that's exactly what Noront did when Cliffs left and bought out low ball the majority of the other interest in the ROF.  Didn't hear any complaints then.  I also hold KWG and Noront refused them to buy back their shares held by Cliffs.  Noront from that day forward held a vote controlling leverage over KWG and exercised on a few occasions to vote down KWG proposals. Noront eventually held full control of the ROF and governments didn't help nor were any majors flocking in offering financial support or partnerships.

I look at this as a 2 companies looking to purchase mining claims rights for the future.  Nothing more, nothing less. Best case scenario even if Noront was successful was a mine in 5 years or more but that assumed roads and FN agreements etc.  Is the potential for the area to create billions of $$ in revenue is undeniable.  Should the offer price be higher.  Yes, based on the valuations provided triggered by the Wyloo initial interest in offering. Why did it take 2 Australian companies to stand up and make an offer or for that matter invested in Noront through the years and no Canadian company had or has to this day.

My ideal conclusion to this would be for BHP to increase the offer and as an option allow us Noront shareholders the option of switching our shares to the new entity that will rise from the ashes.  My concern is that they will not get there required % of shares and the offer will die and they will simply keep what they have and wait to fight another day.  Noront can't survive much longer without selling more of the conpany.  BHP is getting in excess of 1 mil Noront shares quarterly for interest on the loan they took over.  Wyloo would also be stopped from buying Noront out as BHP would block any attempt.  Then the sp would probably drop back to the $.20's. range.  Governments can provide funding for infrastructure and perhaps loan guarantees but imo not going to be investing directly in mine owenership. And the FNs need to be brought in to the picture as partners.

Anyway that's my view and opinion.  As a longtime ROF shareholder I wish all of us good luck going forward.  Maybe there will be another offer but.......