Folks I want you to think about Noront's Market cap for a minute..it's a little over 100 million.

Then, take a look at this company called Riverdale Resources. It's value is around 500 million.

This is an unlisted Canadian coking coal developer 

It has NO revenue and NO mines yet...and it's value is around 500 million.

SO, who is majority shareholder. It's RCF...no surprise with a 48% stake

Please see link below:

https://www.afr.com/street-talk/another-wa-billionaire-pops-up-at-riversdale-resources-20181213-h1921d

And if you look at Riversdale Resources website..you will see some familiar names listed under directors:

http://www.rivresources.com/site/About-Us/Corporate-Directory

Of course we have a member of RCF there James McClements..but notice Michael O’Keeffe (O'Keeffe is CEO of Champion Iron Ore mines)

RCF has a stake in Champion Iron Ore Mines.

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The Project

Our Grassy Mountain Coal Project (the Project) is a proposed steelmaking coal mine that will be developed on a legacy mining area, 7km north from Blairmore in the Crowsnest Pass, Alberta. The Project is projected to produce around 93 million tonnes of product coal over its currently proposed 24-year mine life. Currently, the Project is being reviewed by the provincial and federal regulators and pending a favourable regulatory decision, is expected to start production in Q1 2021.

Riversdale Resources is an Australian mining company focused on developing steelmaking coal projects with the potential to supply steel to manufacturers around the world. Our team is comprised of global experts in the fields of engineering, environment and management of proposed projects like ours. We are committed to using innovative, sustainable and mindful best practices to develop, operate and reclaim the proposed Grassy Mountain Coal Project.

If regulatory approval is given, the proposed Grassy Mountain Coal Project is expected to bring significant economic stimulus to our communities and to the province of Alberta. It is expected to bring back an industry that is historic and significant to the area and that hasn’t been active for over 30 years, as well as jobs, community investment opportunities, increase the commercial tax base and stimulate the local business community.

We, the team at Riversdale, understand that successful and healthy communities, are diverse communities. We are committed to working with our local communities, government, Indigenous peoples and fellow business owners to ensure our legacy is a sustainable one, now, and into the future.

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Strange how this unlisted company made up of Billionaires  with  coking coal assets in Alberta has NO problem with indigenous people???

Pipelines are bad but, digging out  coking coal, putting it on rail to ship overseas seems to be no problem at all.

"Riversdale Resources is focused on hard steel making coal projects with the potential to be developed into mines supplying steel making coal into the seaborne market."

Yes, folks, no approved EA yet for Riversdale and,,...still a potential supplier to steel making coal...and worth 500 million

Makes you scratch your head when you think of the current value of Noront.

And also strange that with all the FN protesting of just about everything Canadian resource project.....these Austrialian billionaires feel very comfortable loading up on Alberta Coking coal projects.