GM, it is my contention that Cliffs is stopping development up there....as long as the issue is before the courts, no one is going lend money for anything related to the RoF.....the 43-101s for various RoF companies is just toilet paper, without a feasible transport method to market.....if you were the CEO of the Teachers pension fund, wouild you lend money to KWG, to build a RR.....even if the odds of KWG winning the next legal battle are good....simply the answer is no money until the legalities of the situation are clear....same as buying a used car....no clear title of ownership....no sale....
Lou over on the other board has hit on something, that may hold the key to understanding the situation....Corruption within the MNR....lets look at events over the last months: Joe Oliver came up from Ottawa, he was going to move the RoF forward...suddently, without fanfare, he disappears....then the infamous Bob Rae, was going to solve the problems....he has made one statement since his arrival, and that was the same parrotted words that all others have made....the Premier came up and had a look, and repeated the same company line....blah blah same as all of them repeated the same party line....have to wonder a little.....