Some other thoughts on the ETF idea.

Many investors shun the penny stocks and this vehicle might create demand from a wider audience.

Could it be used like a "labor sponsored fund" with special tax “treatment to become a vehicle for the government to support CDN firms in this play. They are anxious to see economic growth in the North?

The higher the profile it received the more scrutiny it would get. This could also be a boost to investor confidence.

Thanks for the comments.

A