That's actually a very scary comparison because while their grade is lower they are farther along than Noront in their resource calculations AND are still working on enlarging deposit size. They recently had encouraging drill results and share price is still tanking.

If you look at where they are and their costs with a 10 million tonne resource (more to come) their share price and market cap is terrible. Noront or other players better turn up a lot more tonnage at good grade asap.