Here we are again, the $ 2.50 keeps coming up !

Is there someone out there who wants to plant the seed (take-over price) in the mind of retail ?

I think, we can agree, that NOT @ it´s current level (around $ 1.30) is a steal for anybody interested in a take-over.

Just to remind everybody:

that´s a market cap of $ 240M fully diluted !

When Cliffs has taken over Freewest for a market cap of $ 250M fully diluted !

That, dear NOTers, is a joke !

Even $ 2.50 would still be less than double FWR´s take-over cap.

Still a joke !

With everything we have proven so far being in the ground, I throw-in a $ 5 (as first low-ball offer), as a minimum.

Because if Cliffs can improve their bottom line with the FWR buy-out (with FWR´s in-situ situation) as they stated, then Noront should more than double their bottom line.

Deep drills will tell an even better story (for anyone interested in a take-over) !

FANTOMAS