NOT's cashed up and wants control. So, we know we still have a few JV's out there, probalbly more looming on the horizon, many players are in need of funding to move forward, some merely to meet commitments, others to actually do some drilling, what better way to acquire land/percentage of shares of said companies than to fullfill the PP actions of said companies, say like FWR for example, we know Mac's running low as time drills on and will soon need to bank up again, NOT fully funds the private placement in exchange for shares/NSR, JV agreement or what have you, similar situation at Bold Ventures, depending on quality of targets identified on JV property, NOT may want this JV to continue, Bold just raised 200,000 by pp. at a lot less than the agreement with NOT lays out due in large part to the realities of the marketplace.

Bold must make an initial payment to Noront of $120,000 or issue to Noront a total of 240,000 common shares of Bold, on both parties receiving all required approvals, including any TSX Venture Exchange approval and board of director approval of the option agreement;

2. Incur total exploration expenditures on the property of $2.1 million over a three year period (of which $600,000 must be expended in the first year);

3. Make total cash payments to Noront of $240,000 within two years of receiving the above-noted approvals of the option agreement (of which $120,000 must be paid by the first anniversary, and any portion of the total of $240,000 may be satisfied at the option of Noront, by the issuance to Noront of up to 400,000 common shares of Bold at a deemed price of $0.50 per share).

NOT should fund SPQ's PP for shares/NSR and JV agreements

JMO for sure...