The best thing to remember, wether or NOT the PP holders exercise their Warrant Rights is that most all these PP purchasers are among the most experienced Minerals Exploration Venture Capital interests on this Planet!
If some do not exercise their right they have very good reason for NOT exercising. AND it will NOT be because they have any doubts on the value of Noront Resources. If anything, it will have most to do with jockying and games they play with each other and a very few others NOT obvious to us mere Retail Investors.
Old Joe
PS: Some of them may even be involved for now only to the extent that they are trying to even a score with one or more of the others. Not always the case but very definitely a realistic consideration.