Goldhunter,

This isn't about a single ROF company.

Major(s) want the whole ROF pie and Goldman & friends are helping whoever that is make that happen.

If you have some big bucks as an investor...the Financial post will be your choice of paper to read. Best to have Noront out of that paper if possible...much easier to achieve if you have a 19% stake in the company.

As for Cliffs...look at what the financial post printed yesterday:

"But the panel largely ignored the broader questions investors have about the Ring of Fire: Does it make economic sense for a major mining company to invest the capital required for this highly remote project? And do any of them want to?

Those concerns came to the forefront last November, when Cliffs suspended all work on its Chromite project in the Ring. Some analysts said this was a smart move given the high risk and potentially low returns associated with the project."

The Rof has the 4th largest chromite deposit in the world and the unbelievable Eagles nest (mine the nickel for minus 70 cents after copper and PGE credits)...and the talk is of ...low returns...??

Cliffs put the project on hold due to delays with Gov't in their decision making as to what infrastructure type they would kick in for. While they wait for that ..there was no reason to keep so much staff at site.

But...did Noront put the project on hold....?? Of course not. Does the Financial Post tell you that?? Of course not. Ask yourself why? The financial post article trashed the whole ROF development with their talk of "potentially low returns."

Noront proceeded along with their EA ...submitted it to gov't and are in the process of delivering fuel to start on the east west route construction last year. They are definitely not doing this because.....of the potential.. cough cough...low returns. And the way Alan Coutts was speaking ..."if the Cliffs rof claims came up for sale...we'd certainly take a look", tells me Noront has a financial backer.

During the fight to grab Diamond Fields(voisey bay) a war brewed between Inco, Teck, and Falconbridge. Inco won.

Inco fought hard to grab Diamond Fields because they wanted to maintain their market share which was from memory around 25%.

You've got Glencore with ...what market share of Ferrochrome? Around 70+%

If you wanted to maintain your 25% ..imagine wanting the control if you have 70%.

Then we got..Mick Davis with his billions wanting to build X2 and Goldman helping him..

Eyes are on the ROF from the majors. The financial post article was pure crap. This project is of National priority.....not for the potential of low returns?@@?...

When you have a region with unbelievable grades and diversity like the ROF and a possible 200 years worth of mining...well ..you'll have every major salivating..don't doubt that for a minute. Every connection will be used ..ever dirty trick played to gain control of these ROF assets.

Back in 2011 I wrote about the 7 billion dollar Samsung deal...I felt it was related to the ROF. My agora posts from 2011 are below. I had a few folks think I was nuts.

When you go the recent Ontario Chamber of Commerce study recently released...you will see that a name listed there that contributed to the making of this Rof report. That name is : Tim Smitheman, Samsung Renewable Energy Inc.

The link to the chambe of commerce ROF report is below ..so you can see the name for yourself..and then re-read my 2011 posts...I wasn't crazy ..was I?

http://www.occ.ca/Publications/Beneath_the_Surface_web.pdf

http://agoracom.com/ir/Noront/forums/discussion/topics/501292-the-future-of-ontario/messages/1597397

http://web1.agoracom.com/ir/Noront/forums/discussion/topics/507722-maximizing-shareholder-value-developing-strategies/messages/1614059