Noront Resources

My appologies for reading this paragraph too fast. Like Crazytrade I assumed May 16+90 days= Aug.13 cut off date.

What I missed were the important words to "commence anytime prior to production." Also the words, "at Noront's discretion."

"Baosteel has also been granted a 90 day exclusivity period to negotiate a direct property interest and/or off-take agreement with respect to any of Noront’s properties with such exclusivity period to commence any time prior to production at Noront’s discretion."

When I read this run -on sentence, again, more carefully, I am now understanding, Noront will gave exclusive rights to Baosteel to negotiate a direct interest in any Noront property for 90 days.

BUT ,the start time of the 90 days is whenever Noront decides it to be prior to production. That time frame could have started May 16, 2011 OR it can start anytime prior to 90 days before they produce something. (can take us into 2015-2016).

I'm sorry for missing that point the first time I read it.