PNP specializes in Funding the Juniors. It is their basic Business Plan.

With that said, PNP as well as many other such Venture Capital Funding Oriented Hedge Fund types, do look to have significant Interest in various Juniors they focus on. And they generally do so with the Intent to Support those they Invested in. Sprott, for Example are somewhat more agressive in this Sector, but most all these Venture Funding Hedgies do develop relationships with their Stable of Emerging Corporations. And they also keep track of what their Cohort (Rivals) are up to. At times they work together with others in their Cohort to promote specific Investments. At other times they Play Games with some of their Cohort. And in our situation they take sides and look for the KILL. That is, they choose who they want to see be on TOP (forgive the late 1980's vulgar reference), and line up with others with common Goals.

In this TME sutuation, remember that PNP had significant Investment in TME prior to Noront Resources having struck Blue Sky with the exceptional Eagle 1.

Thus, what you are seeingg is a hard hit Hedgie type showing some level of recovery along with the Venture Listed stable of Explorers they are Significantly Invested in.

To say they are looking to NOT see a specific Top Dog in the RoF would be incorrect. But the RoF will produce several Long Term Mine Development Winners. And thus PNP is remaining involved in the over all Play. The Timmins TME Play may very well be the SILENTLY Agreeded Focus for TME due to the last Noront AGM and the Brusing Buddy Bruce took! All we can speculate on is that TME is still looking down the road with respect to the RoF and PNP is regrouping and looking to reorganise it's portfolio of hoped for WINNERS.

There is always the chance that there could be a much larger RoF Consolidation being sought by the Silent Majors, but if I were any and ALL the Juniors, I would plan to have three PLUS separate CHUNKS of Consolidatable Properties to offer up to who ever wanted to GET IN on the Mining Camp of the 21th- 22nd Centuries.

Conesquently I hope that only FNC needs to be delt with in this First Round of Mining Camp Development. UC (with the Mc Fauld's Lake East & WEST), PRB (with Tamarack & Victory), and the likes of BMK and TME (in several other Segments of the entire RoF Area, PLUS the many other Jr. Explorers will constitute several other LATER Mining Conglomerat mMine Sites.

Old Joe