Hi K, there are a few flaws to the ONTC plan. They want to run all the traffic from the ROF over the ONR lines to North Bay. Then back to Sudbury on the CP line, and on to Capreol on the CN line.

What does this mean.

1)They will have to rebuild the Pagwa sub between Calstock (near Hearst) and Nakina,

approximately 150 miles.I believe the rail bed is still mostly intact, however they will have to lay new ties and rail. On top of that there are numerous bridges that will have to be re- habed, this will be quite costly.

2)It will add approximately 200 to 250 additional run miles to the trip, one way.This will add huge costs to the transportation of the ore.

3)They will need to secure 10-12 high horsepower lococmotives as well as 400 to 500 ore cars. I do not believe they have any of this equipment.

Because of the above I do not see the ONTC operating the ROF traffic from Nakina to Capreol.

They may build the line between Nakina and the mine site, then again, CN may get into the game. Time will tell.

Tks RR

Hi Crazy,

You may have to wake up sooner than you think, with this baby.

Good luck

RR

Hi Yangzhh, do you have any idea what the total number of shares outstanding are, as well how many are controlled by insiders.

TIA, RR

I'm not showing any bids or asks. RR

Glen, I agree with some of your conclusions. What I would like you to explain is why Sergey purchased his millions of shares at the prices he paid. TIA

Hi Doc,

Thanks for the tidbit. I had assumed Century would not have to file anything, but its nice to know for sure.

RR