I think are ready now and the timing is almost right...get a deal or MOU signed by FN's and the TSX will be next? If NOT is serious about mining this property (and they claim they are) then this would be a logical next step in the major move category. Build out reserves with cash on hand, get the SP up and the next capital raise could be to build a local infrastructure and a mine...like in 2011.

As per iii), I think on Sedar you can find a report that details their objectives for about 18 months. I think all the criteria is in place.

Now, I suppose Wes doesn't care about the SP so much because he has lots of cash in the bank but as we spend our Flow-Through cash by the end of the year I sure as hell hope he gets the SP up to reduce our dilution on the next capital raise.

Requirements for mining companies taken from: http://tmx.complinet.com/en/display/display_main.html?rbid=2072&element_id=29

Property Ownership—A company must hold or have a right to earn and maintain at least a 50% interest in the qualifying property. Companies holding less than a 50% interest, but not less than a 30% interest, in the qualifying property may be considered on an exceptional basis, based on programme size, stage of advancement of the property and strategic alliances. Where a company has less than a 100% interest in a qualifying property, the programme expenditure amounts attributable to the company will be determined based on its percentage ownership23.

Industrial Minerals—Industrial mineral companies (those with properties containing minerals which are not readily marketable) not currently generating revenues from production will normally be required to submit commercial contracts and meet the requirements under paragraph 314(a).