From a pure business point of view this cost cutting approach would make sense. IF all the reserves remaining on those remaining deposits are of the low grade variety with no expectation of turning a respectable profit (ROI) then not much sense in mining the deposit. It makes absolute sense for the majors to continue to aquire assets that add to their values, but I am sure they would want these assets to be confirmed before committing any dollars to them. What I like about the comments your received is the fact that ALL the majors are looking for high grade assets that only benefits us as it creates an environment that could lead to a bidding war. The would be the perfect set up for us. Once we establish our deposit which is growing each and every day then managment can get down to business. Noront have no intention of developing the deposit and they are talking to majors. Sounds pretty good to me.