Noront Resources

I am relatively convinced that Windfall has somehow been "disposed of", with NOT retaining a NSR. FWR would be a logical candidate, but their current financial situation does not bode well for a cash purchase, either in part or in full. However, amongst FWR's assets, the one that looks the most promising, are their Black Thor chrome deposits. Consider this.........if a major was interested in the McFauld's chrome deposits, would it not make the acquisition more attractive, if they only had to negotiate with one company, instead of the current two, or maybe three if you consider the SPQ/FWR/UC property. It is within the power of NOT and FWR to negotiate a "swap"......... a deal (incl NSRs) involving FWR chrome interests for NOT gold interests.....makes it a lot less complicated in the McFaulds camp. This could also tie into the rumour (or fact?) of John Harvey's resignation from the FWR board, due to a conflict of interest. Also keep in mind, NN's connection to SPQ.

The drive up to Haliburton and back, away from the market, gave me some quiet time to contemplate other potential scenarios.

Any thoughts?

Respectfully submitted

geoprof