"Do you think the warrants will be exercised?

Not if the share price isn't above $6, but there are lots of updates between now and then that should help.

"Between now and then" now is tuesday, 1st, then is thursday, 10th. (see nr below) gives 6 working days.

I wouldn't be surprised if the updates were to come from more than 1 company. - helium

TORONTO, ONTARIO--(Marketwire - March 12, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) announces that the 3,250,000 warrants exercisable at $5.00 per common share, which formed part of the units subscribed for pursuant to the private placement described in Noront's press release of February 7, 2008 are now exercisable on or before 5:00 p.m. (Toronto time) on April 10, 2008 after which time they will expire."