My augmentation on what you stated:

Off the top, KWG and Noront merge is a good idea but not necessary for both. Resultant Company would not be big enough to detract buyers and actually could attract.

I do not know much about economics of road vs pipe but I do know that it is more practical to have the road. Pipe is only for Noront`s use and when done probably would be moth balled. A waste if that were to happen. Road on the other hand would be used for unlimited time. Noront should only pay for part of road costs.

Noront chromite would be produced once enough capital is saved up from the nickel ore production AND that the railway is being built or already in service. The huff and puff about other chromite in other hands is just that. Without railway it is a nonevent. Without permisions for open pits it would be also delayed.
Noront will mine the nickel first and talking about it's chromite now does not negate that. However most of the chromite talk that I see is more obout other companies` instead of Noront's. Noront IS interested in chromite, just that nickel has rightfull priority due to ease and profitability.

Proximity to Eagle has less to do than the possibility of a compromise being reached re railway. The 1 billion $s from Ontario being a prime mover.
I prefer to believe that the area about Eagle`s Nest is rich in desirable ores and whether tunnels there are 2 Km or 400 meters long makes little difference because I believe it will be at least partly through ore laden till.

I see no difficulty Noront sharing with any other entity the ramp and associated tunnels.

You talk about others doing more drilling and infilling, but what about Noront? Are you forgetting who has the most claims ? Who has the most diversified portfolio of ores? Now why is that? That is why I think Noront is the True king of the Ring instead of who has the most money, is the biggest company or does most talking.

Only problem for Noront is if big money comes in ( X2 or Vale) and buys Noront, but for me as an investor it does not make a big difference. The big company's share dillution could make me sell the shares and go else where.

Any how prospects are good, GLTA Ed.