I looked back over the Genuity Report last night. Basically they value us at $2.70 giving us $.50 for the Chromite and are estimating we are going to spend another $40MM and find 1.8MT worth of high grade sulphides in order to mine and carryout by truck... That is it that is all Noront is worth!

Then I started thinking about the KWG press release where they are looking into building a railroad to the RoF form Nakina. I agree an expensive undertaking. But a guy from a railroad sat down with a guy in the mining industry and the guy from the mining industry said what he thought he had and a guy from the railroad said "hell I can build it for way less than that... lets look into that" They were probably drinking a beer...

I also don't think it is possible for us to have less than 10MT all said and done, I know Semi is never conservative in his estimates but we are going to find mineralization all the way down to 3000 meters. And we probably will have 10MT at a minimum going down to 1,000 feet. So then I started thinking if Genuity was running things what would they do with the 8.2MT to 28.2MT of 2% grade Ni left over? I am thinking the semi-massives are going to be worth $400 per ton on average... Can I build a railroad for 50% of $4 Billion Dollars, what about $10B? I don't know but I think KWG and head of the Railroad think you can do it for far less than that...

Then I think about how they didn't mention the Vanadium and Titanium... Then I think would we really be going to South Africa as much as we are if managment thought the Chromium was only worth $.50 per share...

Genuity wanted to put the breaks on our stock for some reason... Because I just don't think they looked at all close enough to the updated numbers... Even if we only tripple the tonnage, we will at least have a mine with all season roads... but rail is starting to look more and more promising...