Fossil, Exactly my feelings. A pp at 50 or60 cents makes more sense than one done at the present 30 cent range. We would get a 100% markup in value. Dilution is basically debt financing and the world is awash in this nonsense and that is why we have todays global financial problems ie. getting less and less for more and more. Nothing is happening at Noront these days so expenditures should be minimal and really what does need to happen? We have a fantastic discovery. We don't really need to be drilling any further. What we need is to wait for both levels of government to work their way through all their negotiations and come out with a plan and funds to build a rail line to move ore out of the ring for all companies involved.Planning takes time if you want to get it right. After all the Ring of Fire is the biggest news since Sudbury as far as a mining center. It has to be done right to satisfy all parties concerned as it will be a viable entity for probably 50 plus years. JMO the deputy