Well there is certainly no reason to sell at these prices although I understand FWR at 35 cents would be in the money for a fair number of warrants/shares.

Both are, imho, very much undervalued and frankly Noront more than FWR. I happen to think FWR has nice potential for their Chromite & Mac has great track record for coming up with favourable jv deals. Never the less Noront at under $1.20 is seriously undervalued by the market just with what has already been reported. Add in assays underway, drills turning steadily and new Vanadium target with details coming and you have to figure recover can't be far away.

Even todays painfully slow action has resulted in fair volume for Noront so imagine a buyers frenzy and what it could do.