Some comments on the article.

http://www.republicofmining.com/2014/11/25/how-to-avoid-a-1-billion-boondoggle-by-bill-gallagher-onotassiniik-magazine-winter-2014/

It must be a joke suggesting that our tax money is used to buy CLF chromite assets for $0.5B, and then "give" it to the Matawa Council... for $1. Also, the Matawa Council would have the sole VETO vote for the development of the RoF. "Unique" solution? Noway.

- CLF would be thankful to receive an offer of 5-10% of the original price for the assets for which they paid ~$0.5B). Based on Goncalves's assertion, there is ZERO chance to develop the chromite assets in 50 years. It would seems that CLF would be willing to give it away for free (perhaps, with some small consideration like some NSR).

In addition, keeping in mind that there is a potential lawsuit looming up if CLF still has some connection with the RoF and appears to continue its obstructive stance to deny potential business opportunities for others such as KWG and ONTC.

- The government does not have to get involve with this transaction. Let others like KWG do it (KWG and CLF have been talking). All the government would need to do in this case would be to announce its support for the transportation structure to build the RR and a small service road. Make the first slice 50% of the promissed $1B and ask the Fed for an initial matching fund of $0.5B.

- KWG can certainly bring to the table (of a Port Authority) its claims to the esker corridor for building the RR. A deep pocket will need to be on board along with the ONTC, the FNs, the Prov, the Fed...) to push the RoF development forward.

- It's fine for Matawa Council to have a voice around the table, but would make no sense to give anybody a veto on this multi-billion dollar project. A deep pocket may decide to walk away from the table if the advance of the development is getting nowhere with a poisoned atmosphere. And this may be considered as an absolute veto vote.

Nobody would need to knee down begging for money, but in any business venture potential investors (including deep pockets) will need to know when they can get back their ROI. Everybody (including the governments and us small investors) is in the business of making some money. At least, we are not in this with the purpose to lose money.

goldhunter