I posted this on the SPQ site this morning but I think that it is relevent to all ROF companies.
An article in the Globe & Mail talks about the expected M&A activity in the mining sector this year. They mention both Cliffs and Xstrata as possible takeover targets,
I think that this could have an impact on NOT during the course of the year as I believe that all ROF companies that have made discoveries could be in play.
Below is a link to the article in question.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/miners-gear-up-for-ma-flurry/article1516721/