This looks bad for Noront but if this downturn of our comodities is just over the next 3-4 months and will rise again in the late fall we will be courted with a desire to speed up and start the Eagles Nest mine this year. The FN are not stupid and they will do everything they can to edge Noront to either go away so they can have the abandoned claims or work with Noront to get the funding for infrastructure. Nothing will be decided untill a return to market balance after the european crisis in the markets. If the metal prices don't return soon or are percieved to be low for more than 2 years there will be no willingness for funding a new mine, even one with our ore cost position. FN will likely get our ore for pennies on the dollar and just sit out in the bush for better times. I am pretty sure that metal prices will sharply return sooner than later, but who can really say anything for sure anymore. One thing I am sure is that RCF and Franco and Bao won't settle for pennies even if Noront would, so I can also say that the FN would be better to advance this project and share the meat rather than side in a blind and wait for their own deer that never comes.