Hoov:

You write:

"...you will probably never see the full proven value of these resources reflected in the share price. They'll chip away at the remnant shareholders until they hit 90%, and force the rest into submission."

You're probably right if the present powerplay scenerio plays out over the next two years. I guess I have to ask myself, "What is the likelihood of this happening?" 90%? 50%? 10%? <5%?

I think the latter percentage. Too much good mineralization; too many players; lots of investor interest growing.

What if Freewest or SPQ+KWG hit something big and decide to take a run at Noront? So I guess I would have to ask myself again, "What is the likelihood of this happening?" 90%? 50%? 10%? <5%?

Lots of variables; lots of unknowns. I'm betting on a couple of things: change and greed. Everyone wants to make a lot of money here. Due diligence, patience, and an exit point are all required.

(Thanks for attending the Noront AGM and bringing some balance to the exciting ROF play. SPQ investors are the better for it.)

Snug