Hi Dennis. I guess all stakeholders are sitting at the bottom and wait. The only substantive asset in KWG now is the 30% share of Big Daddy, all remaining assets (Diamonds, NSR, ...) have been sold or swapt. No drilling, no exploration program... just waiting what Cliff (the one and only potential pretender) will do, ... RR claims have not much intrinsec value other than cost base. Easement fight before the Mining Commissioner is more a tactical rather than a commercial move... So, with a proven valuable asset that gives you a sure bottom (market values Big Daddy at around 40-50 MM$ at this time - this may change) what do you do @ 6 cents/share with that kind of position ? Wait, what else?

I however suspect that Frank Smeenk could surprise us at the corner! A friendly deal with Cliffs? A deal with another neighbour (Probe? Noront?). Even if it may not make sense geographically or commercially, an acquisition by a neighbour may be strategic for future dealing and consolidation... Despite saying the contrary, Cliffs kept its 17% stake in KWG. Why? Probably to place a dissuasive barrer for any outside pretender... We'll see. Consolidation has only begun up there!!! GLTY.