I suspect that Noront's move up probably has something to do with the looming deadline on Tuesday for the bridge loan to roll over into a convertible loan. Or to put it more succinctly, I believe that there's a possibility that perhaps Noront has made arrangements with another entity to repay the $15m loan facility that RCF has been providing. That would mean that RCF can't take another significant chunk of ownership of the company via a swap of debt for equity. Even more importantly, if some other entity is about to provide $15m to wipe out the RCF loan, it shows one of two things. Either:

1. Noront has convinced someone with a fair amount of cash in the bank to loan it under provisions that are less dilutive than the RCF arrangement; or

2. Noront has managed to secure an arrangement to sell future production in return for cash at the present time.

If the latter, then it's possible that they've secured much more than just $15m to wipe out the loan. Perhaps they will also have access to additional capital to start construction of the E/W road.

This is all speculation, but it would certainly explain why there has been so much activity in Noront over the past couple of days, and no corresponding activity in KWG.

My feeling is that KWG's turn to move up is coming soon, but that it could be at least another full month, possibly as much as two months. With Noront, however, IF something is about to happen, it will be announced on or before Wednesday.

I'm not holding my breath for anything to start happening with KWG until after April 1st. But then, in April, we have not one but several nice potential catalysts.