You would think that smart money will indeed be looking for places to park large sums of US Dollars were it will be relatively safe and inflation proof.

Realestate doesn't cut it any more and remember we're talking Billions both from China and from the Middle East.

So yes they look at established producing mining companies in safe countries and these are getting cheaper for the assets they hold. Those same majors have to find a home for there surplus dollars AND to build underlying mineral assets.

Eventually there will be trickle down to the exploration companies like Noront WHEN it looks a pretty safe play due to mineral resources proven and inferred. The earlier the entry the lower the entry price and Noront is now at stage were entry isn't bargain basement and climbing as resources are better defined and added.

Richard Nemis is a great asset because he well understands how this all works and will hold off and play off majors to gain maximum value. Yes their is pressure due to current share price but lots of cash means everybody knows clearly Noront can walk away from less than a fair deal.

Not saying I like where we are today but will suck it up along with everyone else and hold on for the rest of the exploration to prove up assets.