Funkey, I didn't know the road tender was out but...good to know.

With the drawings for the east west road and connections to FN's and the North South route with connections to FN's,  one can only imagine the profit to be made building roads, bridges and multitude of stuff in the North when these projets take place..

Two things to note:

4 years ago ..this partnership took place between Aecon Group and matawa FN

http://www.aecon.com/Media_Room/~1307-Aecon-announces-strategic-partnership-with-Matawa-First-Nations

And when we go back and look at Drawings in Noront's EA we see the make Kiewit.

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Is it merely a coincidence of the timing of this:

http://business.financialpost.com/news/fp-street/the-intrigue-behind-the-nomination-of-activist-eric-rosenfeld-to-board-of-aecon

the annual meeting of Aecon Group Inc., a TSX-listed company that defines itself as “a Canadian leader and partner-of-choice in construction and infrastructure development,” promises to be more interesting than usual.

On June 29, shareholders will have a chance to vote for a slate of nine directors, one more than last year. But it’s the ninth director which has people talking and wondering about the back story.

New York-based Eric Rosenfeld, of the New York-based “principal investment firm” Crescendo Partners, is standing for election. Rosenfeld, who worked for 14 years at Oppenheimer & Co. before starting whose focus is on finding value opportunities where the gap between a company’s trading price and its full value is about 50 per cent.

When it made the announcement of Rosenfeld’s nomination, Aecon noted that “maintaining good governance is central to the successful management of every board and to the creation of shareholder value.” A statement from the company spokesperson added that “Rosenfeld has proven himself to be an excellent, long-tenured director at a number of companies. We look forward to having his input to the business and strategic direction of the company.”..

So, the Aecon votes were taken end of June and Eric Rosenfeld is now director…and sits on the board with folks like Joseph Carrabba who was the Chief Operating Officer of …Cliffs Natural Resources

http://www.newswire.ca/news-releases/aecon-announces-results-of-vote-for-the-election-of-directors-631758603.html

And also on the Aecon board is…ex politican the Honorable Brian V Tobin…..who…

Mr. Tobin previously served as Executive Chairman, President & CEO of Consolidated Thompson Iron Mines Ltd.

He led the negotiating team that sold CLM to Cliffs Natural Resources for $4.9 billion, which was one of the biggest global mining deals in 2011.

BUT WE KNOW WHAT HAPPENED  A MERE 4 YEARS LATER …..IN DEC 11, 2015

Champion Iron Mine CIA.TO said Friday it will buy a Quebec iron ore mine for C$10.5 million ($7.65 million), just a sliver of the C$4.9 billion that Cliffs Natural Resources (CLF.N) paid in 2011, when metal prices surged on booming Chinese demand.

AND NOW.. 3 wks ago..

http://business.financialpost.com/news/fp-street/5-am-web-embargo-activists-not-easing-up-on-canadian-companies-kingsdale-advisors-says

Seems like a “timely” time for Rosenfeld to show such Aecon interest since the road to the rof has been announced and Aecon Group has a strategic Partnership with Matawa FN.

But…how do you not laugh your guts out when you read…

Rosenfeld, whose focus is on finding value opportunities where the gap between a company’s trading price and its full value is about 50 per cent.

So, if Rosenfeld feels Aecon is undervalued by about 50% …what does he think about Noront??

Especially when the facts are so incredibly glaring….the most recent reminder..

Gov’t willing to spent 69 million on high speed internet for the ROF and  4 reverves and Noront  sits with a market cap of approx. 110 million. 

An expenditure that is just a fraction on what the gov’t plans on spending on the ROF…and the internet alone represents 63% of the market cap of Noront.

Noront looks way way way way ..undervalued…as compared to Aecon.

This Aecon interest by Rosenfeld was written about in June,   2 months before the Aug 21 Rof announcement  by Wynne of a Road.

Two months ago the Globe and Mail reported:

“Nebraska-based Kiewit Corp. and Spain's ACS Group as potential bidders in an auction for Aecon. Both have partnered with the company in the past”

Since the name Kiewit appears in the Noront EA submittal it will be interesting to see what happens next.

But, to be clear, the fact that this is all happening now…points to the ROF heating up