"A number of people think Noront, at this time without any more news, is undervalued and just maybe they are wrong?"
Poly I don't have any tea reading ability, so I have no idea what absolute fair value for NOT is at this time. I will say this, some far brighter minds than mine just put up $26 million, at $4 a share for NOT, so I would have to assume, they think the stock is worth more than that or why would they invest at that level? When I see the group that just bought into the PP of NOT, I immediately assumed they thought NOT was at least 50% undervalued.
I am playing NOT with the assumption NOT has a value of at least $6. This is not to say it will trade there any time soon, just what I would put as fair value for goods in the ground. The group that just got involved with NOT, has a habit of playing to win. JMHO
Al