Those who are complaining that this was worthy of a halt or that it didn't meet their expectations should reconsider the VALUE of this milestone. It has been hanging over us for many months now. Whether it was worthy of a halt? I don't know.

What I do know is that is was worthy of drawing attention to and it was material to our NAV...and if only for that purpose, then the halt was worth it. I had a lot of anticipation for this news and am a little dissapointed, but I recognize that the gap between my expectations and the reality, is not KWG's to fill. I have t attenuate my expectations.

It is up to me to recognize the forward / upward trend of news and continue to support managment, in spite of the fact that it is taking much longer than I would have thought or hoped for. This is yet another positive move on the ROF chess board IMHO.

GLTA KWG longs

Le Penseur

Hey GH-r

I have been here since the Spyder days and was there when we wee counting votes...I have enjoyed your posts and agreed with manyof them, but in this case I think that you have launched your train of thought based on an unconfirmed assumtion.

Simply put a PP by management would be driven by the need for capital, which in essence is a need to support the company goals. Your arguments seem to presuppose that the ultimate goal for the dual share structure is to dilute the outstanding float. I do recognize that dilution is a possibility in the future, but what makes you think that we could have gone on to develop company goals WITHOUT any future dilution. The money ran out last Sept...the staff have been paying themselves with shares, and eventuall selling them on the open market, OUT OF NECESSITY. Everybody has BILLS to pay.

If the decision to issue more TREASURY shares is made by management, then we have to trust that it will be for the sole purpose of accomplishing company goals.

The CRUX for me is that in a chess game, you have to make preparatory placements on the board, so that you are ready with all of your options open, when the opportunity comes for the BIG move. It would be very sad to witness the evolution of the FSDI opportunity, only to see it wither on the vine because we haven't decluttered the investment threshold for large investors. Yes I am concerned about further dilution but I think the total intrinsic value of KWG assets can support it in the long run.

If you had a crystal ball to see into the future and you could visualize the NAV of KWG in 1year, 3 year or 5 years from now (if not bought out before then) and saw that we are worth 1 to 5 billion dollars, would it matter to you that we have added a couple hundred million shares in order to survive the current gap in cashflow... and dilution is not even proposed at this point.

It is pure speculation (altough probable) on your part...but also probable is the fact that the upcoming news WILL create upward pressure on the share price which in turn will make ANY future possible PP more cost effective and LESS dilutive. I pretty sure that I haven't read that side of the argument in your posts.

Again I wish you and all KWG longs the best

JMHO... Le Penseur

Hey Barb,

Here's a post from my evil twin at stkhouse...Pear3 I think it's a good synopsis...food for thought or discussion.

Hey Ringer,

JMO but the only way to build a cost-effective road is to build it AFTER the RR on the N/S corridor; the road cannot be cost-effective by any stretch of the imagination if it is built first. The RR is the mode that has the CAPACITY to become the BACKBONE of developement as well as the on-going local and provincial economies.

The building of the road can be done by widening the esker (where it is too narrow) with untold numbers of railcar loads of aggregate, which will be available when the mine(s) are being developped and/or running.

The FNs need a productive local economy and a significant improvement in quality of life. This can only be achieved cost-effectively by the railroad initially. You can't keep shipping materials and goods, at obscene premium costs, and then expect an economy to gain some traction from it.

Canada on the other hand, needs the ROF to kickstart the Ont/Can economy which will be achieved by mining activity supported by RAIL to the ROF on the N/S ESKER. This is not a difficult concept to understand, but unfortunately our ONT Liberal Wynnies, have made very bad and ignorant decisions, based in conflicted and dishonest EGO Pursuits.

Now.....the only thing that is holding them back is the detour that they had to take in order to wiggle out of possible liability from Cliffs, hoping that the delay might solve it for them by bankrucpting KWG. ( "We'll just wait them out, and pretend that we are observing due diligence by saying: We have to get this RIGHT" )

Fortunately we have had Frank on our side. He has stuck to sound principles when it comes to building value and positioning KWG on a strong footing for the future.

For the non believers, here are a few things that I consider he has done right:

1. he has negotiated a number of very important deals, while avoiding the accumulation of debt. Yes we have suffered a lot of dilution but this has brought a great deal of potential value to the company while minimizing the long-term risk; he has avoided the wasting of time and asset value, by concentrating on the battles that offered meaning, consequemce and potential future value;

2. he has navigated through many obstacles and landmines, without ever using retaliatory actions which might have resulted in burning bridges and alienating potential future investors/cooperators; the most obvious example of many would be resisting the launching of lawsuits at a time when making friends was of utmost importance to the future of the company. It is my impression that he was confident enough in KWG's position, to let all the noise die down before making his point, including the Chinese option.

3. he has implemented phases of his plan in a definitive and very imaginative manner, while communicating material information to investors in a timely fashion. When we were all debating the possibilities, Frank has on a few occasions presented us with a "game changer" that no one foresaw.... that's one reason I'm still here. When I felt impatient to see results, I always remeinded myself that Frank was probably working on something significant.

4. he has used the leverage that KWG has in its assets and used it to create strong loyal partnerships and possible future exponential gains. (examples: 1.NSR sale which created a solid treasury for KWG, 2.patent agreement with metallurgist which created a partnership withoput debt, 3,extension agreement with Bold/Fancamp which preserved BH as a vluable asset to us without creating debt or a loss of value, 4.the agreements with the Chinese (Rail, and Golden Share) which again managed future risk while amortizing the trade of asset value against near future services)

5. he has strategically formulated the message to KWG's partners, investors, and the media in such a way as to keep all options open. When the RR was being talked down by the Ont. Gov./ Cliffs / Noront, Frank was able to present our plan B (slurry pipe) in a plausible and credible manner, and defend our future prospects, even though it is my impression that the RR was always the preferred option. Currently, the RR has resurfaced as the forunner with the involvement of the Chinese. Consequently, in last week's BNN interview, Frank presented the proverbial "coup de grace" with a high degree of confidence, while avoiding what could have been an "in your face" message. By doing so he has avoided antagonizing future investors and/or partners. I.m just glad that he is playing on my team and not "playing" against me.

6. he has maintained healthy and open communication channels with the FNs of the ROF which in itself will proove to be as valuable as "aggregate in a marshland" since it will lay the foundation (pun intended) for a long lasting relation of development, investment and partnership in years to come.

Sorry about the length of this text...I guess I'm making up for being silent so long. My original point was that RR is the only way to go and now.....we have the MEANS, the BARGAINING POSITION, the CONFLUENCE of events to make that happen and make the ROF development, a series of events that will affect the global base metals market. Yes, still lots of work ahead but now it seems that the table is titlted slightly in our favor.

Good luck to all KWG and ROF investors

Le Penseur

Here is an interesting post from my twin PEAR3 on stockhouse...good synopsis for the newcomer. Have a good read, GLTA Le Penseur

Hey Marl Dog... I haven't posted here in a while but have honestly been entertained and amazed by the back and forth between some of the posters. Lou, I have often been very impressed by your research and your advance prognostications. I own KWG but none of NOT shares. I don't necessarily like to compare the two but they indeed face an entirely different set of possibilities.

I totally agree but who do you vote for....which party will actually develop the ROF from a National interest perspective...not the "backroom deal" practices of the Ont Liberals...Good luck to all KWG longs...Le Penseur