Glorieux, my friend, I cannot agree with you on several points.

First of all, one of the main reasons the burn rate was reduced, was because the ramp at Windfall was completed. Windfall was then put on care and maintenance by Richard Nemis, prior to the AGM. Whether the co-CEOs achieved any cost savings that RN wouldn't have is debatable.

Next, you stated,

- -"So how do you give him cheap options and not get shareholders or regulators upset.

Glorieux, "regulators" in Canada's investment industry are a joke. They do not regulate anything. They allow industry professionals a free hand to run roughshod over shareholders (the little guy). The proxy battle was an example of this. Do you not remember the lies stated by Rosseau in their proxy circular. Many of us wrote to the IROC, the OSC, with no result.

Then you said,

- -"Well, you turn down the flow of information and ask a few favors and voila...options at 0.62!! "

Do you realize you are talking manipulation here. Yes, manipulation goes on in the market all the time, but that does not make it right in my book. They may have achieved what they wanted, but who got hurt in the process. I'll wager that many small shareholders were hurt or forced out by this tactic. Despicable in my opinion.

Next, you said,

- -"Our Co-CEO have purchased shares with their money in the last PP at 0.80 per share, so currently, they are not in the money. The options that everyone is upset at them getting for what seems to be very little are priced at 0.80 and so they have not been paid anything at this point for the work they did do."

They don't "purchase" the options. They are given them. They have no cash outlay. When it comes time to exercise the options, they can be exercised and the resulting shares sold to cover the option price, all in one transaction. They never actually have any cash out of their pockets, or at risk. Also, it wouldn't surprise that they receive directors fees as well.

And then,

- -"It was a very tough job, at a very critical time and NOT is alive and kicking because of their decisive action."

Glorieux, you make it sound like Noront wouldn't have survived if Richard was still in charge. I can't believe you said that!

Now, here is a part I DO agree with,

- -"Now, let's forget about these guys and focus on our future, a future that is starting to look bright again with nickel holding around $7.00."

Holding, and regaining confidence...........Canseco ......(due to the fact that Wes Hanson appears to be a quality man, and mining professional)

P.S. Sorry for the rant, but these guys deserved the criticism heaped on them, especially the turncoat, Parisotto.