Agree. Those investors look for a minimum double on investment and try for more.

Think about it, would any of us put up over $12 million at $5 a share unless we where positive the value was at least $10?

While it is against all the rules for Noront to selectively release material information it is very likely the warrant holders discussed on going exploration with geologists before making decision involving that much money.

Noront does co-operate with analysts preparing reports on Noront's future and we can expect Genuity will be coming out with update soon. I look at the warrant take up the same way I would Genuity coming out with a new target of over $10.

We small guys can't participate in the same way as the big guys but we can follow along where the smart money goes and there is nothing wrong with the profit from buying at under $7 and selling at over $10 buy going long for a month or so.