Sorry but way off track on 'LIBOR' as this is the interbank overnight lending interest rate and it running up so high is an indication of things seizing up. Banks refusing to lend funds overnight on worry it won't be paid back or that they need it themselves. Very scary!

Bank strength in Canada and weakness in USA doesn't have much effect on Noront because none of these entities will ever lend money to an exploration company. That's the whole purpose of having a stock exchange where investors are willing to take more risk for potential to earn high rewards.

With retreat almost across the board of the price in exploration companies a lot of investors are sitting on paper losses or real cash losses. Doesn't make them inclined to venture into additional investments into this sector until things turn around. Once investors can sell some investments at a profit we'll see them perhaps placing more investment in ROF companies.

This mess and share price trouble for Noront will no doubt work itself out but it won't be next week. It seems more likely faster change in our situation could come from involvement with a 'Major' as they don't face the same problems as retail and institutional investors.