Even had Noront been trading at $5 with more ore found, assays etc. in hand the share price would have been run over by the same truck. The truck is world wide fear of recession and flight to safe haven for their money.

Now all that money taken off the table the past few days is probably sitting on the sidelines waiting to reenter the market. When it does prices will increase.

Want an example, Al sold some Noront and then bought back in at lower price. He's not the only one looking to do this.