"On another note, what do you think Baosteel is doing during all of this? Do you think they've just bought their initial percentage of NOT and are not checking out what the other players might be up to? Do you think they have not considered potential actions from others? Do you think they don't have a game plan with NOT dependent on what comes up?"

Why does Baosteel have to do anything? Where is the urgency for them? They have, starting May 2, a one year window to decide what to do, if anything. AND, during that time, they also have a standstill agreement giving them the right for, I think, 90 days, to counter any other offer that comes along. They are here for the chrome, and so far we don't have the ability to bring the nickel to market, let alone the chrome. Why would they be in a rush?

The market in general doesn't care. There are so many other plays out there to lose your money on. Why let it sit dormant here, where there will be no action until infrastructure questions are answered?

We know these infrastructure questions will get answered, but until they do, the minerals buried in the ROF have no real value to the market. There is someone out there though, with big pockets, who knows this just as well as we do, and has the ability and urge to act. Whether their actions are directed by someone who has ownership intentions, or are just designed to put dollars in their pockets, is anyone's guess, but either way, they have taken 23 mill shares off the market for now, so when the run does start, the way up will be that much cleaner and quicker.

Best regards

K