You are making a point which a number of forum members find it hard to take issue with. The problem for many of us is that if we still feel Noront has the most attractive claim base AND so far the only proven resourse what do we do about it?
The market may well have already punished us by putting a lower valuation on Noront because of this new management. They sure have not increased the valuation because of them.
So do we bitch but hang in for the payoff down the road which will come from current exploration season or participation in Noront by a Major?
Do we cash in our chips and move investment over to another ROF junior?
At the moment I mistrust the ethics of current management BUT place a lot of trust in them doing everything possible to push Noront's share price much, much higher. Both through doing whatever deals further this and getting best possible exploration results in as soon as possible.
Do I trust, for example, FWR to do the same and have they the cash to do so without a lot of dillution by way of more private placements? FWR just doesn't appear to have either the cash or depth of managment to pull off the same kind of deal Noront could. Sure FWR and others have found chromite but so has Noront and with Noront's claim base the odds are heavily in favour of them finding a lot more.
I'm not going to try and whitewash Noront's prospects or results todate but the bottom line is 'Are Noront shares likely to increase in value over next few months as much or more than other 'ROF' players'?
My money is riding on the above being true and a safer bet than any other ROF player.