RE:RE:More on: Establishing a position...IMO, the 2 cheapest iron ore projects in Quebec are FEO (Hopes,Morgan & Roberts) in the east with a M/C of 4.5 million & NIO (Great Whale) on the west with a M/C of 2 million. One of the main reasons I like these properties and their location is due to fact that they will both benefit from the only 2 proposed deep sea ports of the Plan Nord. Capex to build a port could easily reach 750 million dollars. Both companies are within 100kms of each port. I do however have a preference for Niocan because of their second property, Niobium, which is awaiting the final operating permit. The Great Whale iron property hosts 1 billion tonns of 36% - 41% of 100% magnetite which is about the same tonnage as FEO.