Yes it might be to the advantage of current shareholders that the price stays at or just below $5 so warrants aren't exercised.
However the cash that would flow into Noront's hands upon exercise isn't chicken feed and the old 'bird in the hand' moral does have merit. The extra cash could be cheap insurance for everyone as it covers any potential lag in hitting the bonanza anomaly quickly. New investors love to see an exploration company with the cash to do what they might have to in order to strike it rich.
Guess we can disagree on this point, I'd like to see the warrants all exercised asap and share price back to $6.00 asap as well. Actually $7+ asap would suit even better.