If we're at the wishing stage I wish for Noront to hit $8 next week, well if we're wishing make that $12
Honestly, FNC is so attractive because of the tiny market cap, of course it's no Noront but not priced like it either. Their property next door to DE 1 with what looks to be a feeder canel from DE 1 to anomality mostly on FNC's property is what makes FNC a $1.80 share price at the moment. It's closer than any other anomality on Noront's property and only one with what appears to be a bridge or link.
OK so FNC has market cap of maybe 50 million dollars but look at Noront's market cap of over 500 million of which the greatest part is due to DE 1. Just image if FNC is right and they have a larger deposit of similar grade on their property. It should, after drilling etc. add 400 million to their market cap which means shares would be valued over $14 . Is it a long shot at this time? Sure it is but no more than Noront hitting DE 2 on their own property.
Everyone on Noront forum seems to ignore the market cap, there are a lot of Noront shares out there and believe me the market does take this into consideration. IF FNC did a PP for 10 million shares it would put someone the buyers in control of the company no way would that be done without a premium over current market price.
Short term Noront is by far the safest bet and maybe mid term but long term nobody yet knows because more deposits must be found to make this area economic for mining.