Marlboro,

I had a poster kindly PM me with the following which was in Sedar yesterday....squirreled in the 18 pages which were amended.

"The Corporation has agreed to the further condition for sales of Securities through this Prospectus that the maturity of the existing US$15 million loan from Resource Capital Funds be extended to not earlier than December 31, 2016. "

There is no further info on this RCF loan that I can find when I skimmed though the 18 pages again. What is the interest rate is it the same? Is Noront paying interest shares or cash for another year?

Regardless of getting another year to pay...it's still not far away.

The mine will take time to build and can't believe those funding this expense like the idea of secured loans..which is why I believe the 50 million unsecured is good insurance.

I can't find more details on the Franco Loan..

Could Noront retire it early? Most likely yes with some penalty. All we saw was one page news release. I'm sure the contract prepared was more detailed and addressed early closure of the loan. I too would like it if the Franco loan could be retired early.

I'm looking very forward to this fall. The ROF will be a big topic in the elections.

Just the other day I noticed this coming up on Oct.7...you can be sure the ROF will be brought up.

http://www.kenoraonline.com/local/14310-kenora-to-host-all-candidates-forum-in-october

Also regarding the EAST WEST Noront Road I can't imagine this not being announced shortly..due to the 1.35 billion hydro announcement we recently saw. The Road study was supposed to be finished by August.