Can't resist the invitation to jump on this and don't mind at all if you care to ignore this post.
I think we all understand that the current economic climate blowing over the border from the USA has hurt and hurt a lot.
However to say: "because th current SP/market cap exist in abnormally depressed environment. If it was 2007 before of all the housing panic, and oil fears, NOT would have easily been trading in the $7 - 10 range based on what we know now. " Disregards the simple fact that DE1 based on the long awaited 43-101 was considerably lower tonnage than expected. This and anticipation of this had a major effect on share price in the market.
So that's my 'jump' but on the other hand major progress has been made to define other deposits first of chromium and now evidently nickel bearing massive sulphides.
Once reports outlining the above one would expect close to a full recover of lost valuation and depending upon the substance of news reports perhaps considerably more. Does make shares seem cheap at todays prices.