CLF just wants the resource, so owning 20% protected from dilution just makes it very hard/costly for anyone else to get control. Cash flows are years down the road so CLF is unlikely to waste cash or dilute more for RoF assets at this point. Relative interests are unaffected by the reverse split. Noront cannot benefit from control, or starting a war they cannot win , and just did a pp to raise drilling money, will likely focus entirely on drilling as the the only hi leverage way to get their price up.