Eagle Hill clearly states below that only a Preliminary Feasibility Study is required to fulfill the option agreement with Noront. (I'm sure EAG would face legal issues for a news release like this if it were false). Where are you getting this information that Noront asked for a Bankable Feasibility Study and not a Notice to Commitment? The contract fully states that a Notice of Commitment is all that is required for the option deal to go through. Whether Noront likes it or not shouldn't really be up to them. Please post your information. Thank you.
VANCOUVER, BRITISH COLUMBIA - December 16, 2012 (TSX.V: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") is very pleased to announce that the Company has awarded to Stantec Consulting Ltd. (“Stantec”) a contract to perform a Preliminary Feasibility Study (“PFS”) on the Windfall Lake Property (“Windfall Lake” or the “Property”). The PFS is scheduled to be completed by early April, 2013. By producing an independent PFS, together with a mineral reserve estimate, Eagle Hill will be in a position to satisfy its obligations under the Windfall Lake Option Agreement (the “Option Agreement”) entered into on July 20, 2009 with Noront Resources Ltd. (the “Optionor”). Once the obligations are satisfied, the buy-back provisions contained in the Option Agreement will be eliminated.