"Noront is fully aware that takeover rumours are swirling, and is doing everything possible to ensure that shareholders obtain full value for their investment. Noront does not want to be taken out in a hostile action. The best defense in this situation is resource expansion."

Interesting. Despite Noront's statements regarding becoming a mining enterprise the takeover reality is much greater then many wish to admit. This became obvious in the rather weak attempt to acquire FWR.