IMO,

NOT's release of its development plan for chromite is meant to discourage another bidder contemplating a run at FWR before Dec 11. Simultaneously, CLF has done its part by increasing its break fee to $8.45M. Does it not seem obvious that NOT and CLF want to complete their deal ASAP? FWR insiders will go quietly into the night:
insider shares 2.78M
insider options 13.22M @ .26
insider warrants 15.32M @ .45







The Project development milestones identified were:

- Establish feasibility schedules for various project components
- Initiate socio economic studies
- Complete environmental baseline and environmental studies
- Initiate project consultations with First Nations communities
- Environmental review and permitting
- Complete marketing and sales studies
- Define project execution plans including Private Public partnerships
for infrastructure development
>>


Noront's projects are the most advanced in the Ring of Fire and we estimate that Feasibility Studies could be completed on the Eagle's Nest (nickel, copper, PGE's) and the Blackbird (chromite) deposits by the first quarter of 2011. Due to the different complexities of the two types of deposits, Noront believes the Eagle's Nest deposits could be put into production by the first quarter of 2016 while the chromite development is expected to follow as a result of increased infrastructure requirements.