Possibly the toughest job Noront faces is to explain the value of both ROF claims AND Windfall and gradually convince the market of that value.

E1 has had a lot of preliminary work done only to find falling Nickel prices had dramatic effect on valuation. E2 valuation much slower than expected. Blackbird values seemingly really tough to put finger on. Windfall has to have value but last news wasn't clear and instead of showing potential seemed to go out of it's way to downplay expectations.

The overall market conditions make it hard for Noront to know which button to push or even concentrate on. Does market want to see numbers on deposits proven up to a certain point or does it want to see an outline of the big 'Blue Sky' picture in ROF? I think the approach taken was working the numbers instead of working on the big 'Blue Sky' picture. Didn't work very well so perhaps a change to 'Blue Sky' would be nice.