Mr. Gravelle excuses inaction by saying commodity prices are low. Sure, iron ore, oil, nickel, and copper prices are quite low, but stainless steel and chromite still fetch decent returns, especially in Canadian Dollars.

Perhaps he isn't aware of the fact that chromite, rather than nickel or iron ore, is the main mineral sitting waiting for a miner in the ROF? Certainly his CLF buddies suffered from the crash in iron ore, and NOT is dragged down by current nickel & copper prices, but he has to realise CLF is history & NOT isn't the only company with decent deposits in the region.

The price of chromite at Chinese ports is around $175-$190+US at present, which is $240 -$270+-in Canadian Dollars. Certainly close to the prices at the time of the first discovery of chromite up there.

Somebody with more patience than I have could tip him off, tell him the low price of oil actually might help ROF development, rather than place things in a holding pattern waiting for an 'upturn in commodity prices'.