I was concerned as well, but not as much lately, because I now have a change in philosophy as to where this deal is going… Talked myself right into it, so I can almost sleep through the night now! Ha

The reason why, is the new press that is coming out. NOT & KWG talking about a collaboration on the east/west road. I would like to run this by you, Edgy

Now before everyone jumps on me. NOT has a lot to offer with the relationships with FN, the EA, no question they are in the driver’s seat when it comes to first mine development, but they won’t get there alone. They will need financial support, as we have all agreed on. The issue I see is that management has set Not up as a complete buyout, once the approval for the EA & infrastructure is announced. I really don’t see anything that NOT shareholders could do to stop a major from coming in & buying it out cheap? If NOT major shareholders decided to sell below the $3 price, as you eluded too Edgy. Meaning, from my earlier posts that they could be in on the deal & be part of that majors plans after a cheap buyout? I’m suspicious about the X-Xstrata man, Allan & that connection to Mic Davis. (sorry, couldn’t let that go by without adding it in).

If any of you have some ideas, as to how NOT management could get proper shareholder value by forcing a stronger bid. I would love to hear it.

Now, the difference I see, is that Neil of KWG has made one move that I believe will save it all, & force a major to deal! Not a takeover but a joint venture with a consortium of companies. This is not new. It has been mentioned many times with regards to the Port authority & the ROF corp. that a group of companies will be formed to oversee the railway.

KWG staked those claims & I believe it was never to hold any major ransom in a buyout. KWG has the rights to the claims but they will not be allow in unless FN get a large % of the deal. The question is how do they pay FN without scaring away a major, thinking that FN is sticking their fingers into the oar money. Well you could make them shareholders in the railway & now we have a KWG & FN in the consortium of companies for a start.

Now with Cliffs on the back burner. (some what?) Not starts talks with KWG on the E/W road. Both will share costs of development, as it helps both companies, that make perfect sense.

The road into the Eagles Nest is only a start for NOT & KWG. IMO a major will not get into this deal without the railway to really pick up production & to have access to the claims in the future. Between NOT, KWG land holdings as a consortium could lock up a major part of this new mining district, worth an approx.. value of 250 to 300 bil. in reserves. I believe was estimated?

In gov’t press releases, it has been said that NOT was under estimated as a leader in the ROF development. I believe they have now seen the money that NOT has behind them & this has changed their tune & why the project is getting the attention it is now.

So, what I envision is a consortium of NOT, KWG, FN, Gov’t Fed. & Prov., & the big mining c/w big $$$, but now buyout…

Neil Novak has made sure KWG & FN are in the deal with the R/R right of way!

It just too bad KWG has be so diluted to get to this point.

Sorry for the long post, I think there is more to support the theory but this is getting to long now.

Hebe