"So why do they keep pricing as if they will have to pay for the whole infastructure themselves ."

Well, first, BJ, I don't think you have spent enough time absorbing all the information that is available here.

There are some very heavy negotiations ongoing, and one can expect that all the players are holding their cards very close. Despite that fact, there are several obvious points coming to the surface.

The Ontario Gov't has stated they are prepared to support infrastucture to the area once a realistic plan surfaces that all parties support. On this basis, Noront has come up with a proposal that would work for them at a cost they could justify with the mineral deposits they have at the moment. It won't work for CLF or for NOT's chrome, but it will work for their nickel deposit. What they have said today, is that they are preparing to move ahead with their plan, based on an initial shared cost of 234 million. They have also stated they could feasibly absorb the whole cost of around 700m-1bill and still see an IRR of approximately 19.2%. With this release they are telling the world that they are prepared to advance a minimum 234 mill towards infrastructure costs. CLF is due with a similar report, and assuming they come up with a similar figure, we now have a committment of 468mill towards infrastucture. If the two Gov'ts match that figure between them, it should be a snap for KWG to obtain financing for the remainder, and we are off to the races.

Best regards

K