One problem faced by we who have a stake in the ROF is the perception by Talking Heads, Economists, and others that the global steel market has a supply glut, and therefore the Ring of Fire deposits aren't worth developing. This is partly because CLF collapsed & abandoned their stake there, although CLF collapsed because they put money into iron ore & basic supplies for old style steel industry. That is where there is an oversupply.

The fact is chromite is used for stainless steel, and stainless steel is a growing market. Prices for ferrochrome (in Canadian dollars) haven't collapsed. A mine/reducer/smelter to stainless steel integrated operation in Canada would be highly competitive on world markets and profitable.

With KWG's reduction technology especially.

The low demand & prices for iron ore sunk CLF, and the same situation with nickel makes the Money Boys look really hard at NOT. This is why Gravelle can tut-tut & spend endless hot air & time dithering around "getting it right" because in his opinion "the market for steel isn't good". Everything in the ROF is seen by them through the lens of CLF's money problems & NOT's less desirable metal ores (although they are rich & potentially profitable)

Possibly all the ROF deposits will fall into the hands of moneybags with longer term vision. I hope that won't be the case. If KWG can get an offtake agreement -- well we all know --