Recovered fairly well so far and tomorrow should tell if price can hold up, perhaps on lower volume.
The McFauld lake players can be pulled along with Noront especially those with claims close to their DE 1 site. That's the way it has mostly happened in the past. Can't see much decoupling until well into current drill season.
Noront has, I believe a higher burn rate than accepted by some. A forum member posted about talking to a firm showing in Vancouver and he figured $4 million a month. That's a lot higher than the $2 million guess kicking around the forums.
At a burn rate of $4 Million Noront is going to want to go to the well for more cash in a few months. If it's to be a private placement they'll want to do it at much higher price than current share price so what does this mean to shareholders?
My opinion is that Noront will be pulling out the stops to get faster assay, more visuals on drill cores and test other anomalities ASAP. Certainly they want to jv more properties fast and have someone else pay to drill NOW and not 3 mths from now.
Once news starts flowing interest in all players should increase and analyst for brokers maybe paying attentioni. Just one great hole on another anomality and all hell will break loose. Might take a month and it might only take 2 weeks or so. Call me crazy but if they hit sulphides with visible nickel and it's 100 meters or so just watch what happens.