An interesting possibility would be to see what would happen if Ford or anyone at all announced any credible information about road construction into the Ring (not just to the nearest FN communities).  IF that happened, eventually, then it would be wise to watch KWG and Bold.  If they decided to move toward 100% ownership of Black Horse, then that would mean $15m for FNC.

To be perfectly clear, I think the odds of this ever happening are about 3% (and at that, not for a few years).  However, it is something to keep in mind.  If something happened with Noront or KWG that made the markets sit up and take note, most people wouldn't be aware of the Fancamp link, and there might be time to move some money in that direction before the general markets clued in.

Right now though, KWG is not looking very healthy.