Back on Nov.4, 2015 Funkey was posting about a private placement being made available Nov.11, 2015 for Noront shares.

He provided this information:

Are we getting it done. Let's get the flowthrough shares out of the way at .37. Call Arie Papernick at SECUTOR CAPITAL MANAGEMENT CORP. T: 416 847-1220 F: 416 545-1011 C: 416 844-4789

------------------------------------------------------------------------------------------------

Funkey was correct. Some members were suprised to see the following from Noront released Nov. 24, 2015.... Some complained on the board that there was no advance notice from Noront regarding the PP.

But...Funkey let the board know ahead of time.

http://norontresources.com/noront-resources-announces-private-placement-of-flow-through-shares/

TORONTO, ON–(Marketwired – November 24, 2015) – Noront Resources Ltd. (“Noront” or the “Company”) (TSX VENTURE: NOT) today announced the closing of a private placement (the “Offering”) of 4,824,218 flow-through common shares at a price of $0.50 per flow-through common share for gross proceeds of $2,412,109. The common shares are subject to a statutory hold period of four months plus one day which will expire on March 25, 2016.

-------------------------------------------------------------------------------------

====================================================

I have zero doubt in heavy duty interest in the Eagles nest after infrastructure is announced. Why wouldn't companies be lining up??

I look at the example of Sirius Resources last year. They had the most comparable deposit to Eagles nest. They were bought out for 1.8 Billion last year...during low nickel prices!

I think back to my post regarding Sirius Resources .
I wondered at the time about the fact that 3 of the 10 year mine life was spoken for:

All three companies below secured 3 years worth of stuff from a 10 year mine.

http://www.miningaustralia.com.au/news/sirius-signs-nickel-offtake-deal-with-bhp-billiton

http://www.siriusresources.com.au/documents/20150513CopperconcentrateofftakesignedwithTrafigura

http://www.miningweekly.com/article/sirius-inks-supply-agreement-with-glencore-2015-08-18

Notice all 3 companies want only 3 years out of 10!

Could it be that a deal was made with someone like Noront for their stuff after the 3rd year contingent on infrastruture agreements?? Why not? Noront will be the lowest cost producer in the world!

If Sirius got these deals why not Noront who happens to have lots of chromite too!