Noront's President and CEO, Wes Hanson, states: "We have delivered on our stated objective to triple the resource at Eagle One (Eagle's Nest) and believe this updated resource is adequate to consider mine development. We will be immediately soliciting bids from qualified engineering companies to complete a Preliminary Economic Assessment ("PEA") on the McFaulds Lake Project, considering both the Eagle's Nest (Ni, Cu, PGE) deposit and the Blackbird chromite deposit." (Bolding is mine.)

It seems to me that NOT is putting some pressure on CLF. At some point they will have to reach some kind of understanding or accommodation regarding NOT's chromite. CLF may be forced to buy NOT's chromite ot their may have to be some kind of non-competition agreement. (Is that legal?) The terms of any such agreement or accommodation could be intersting and a big plus for NOT. I just don't think the market is big enough for two players without forcing the price of chromite down and CLF has to make big bucks to pay for the railroad. IMHO.