I think what you are suggesting is the 59% held by intos would consolidate and take over the company for themselves or someone else. I don't think that type of collusion would happen. Given the ones involved, they want the big payday and they are obviously willing to wait and endure the paper loss. Noront has so far discovered a chromite resource and focused their drilling to come up with a 43-101 stating they have 11.2 million tonnes of high grade chromite. Not much more they can do with that only mine it. They discovered the Eagles Nest and drilled it to the point they have 11.2 million tonnes and now are refining that estimate to more certain designations. Once this is complete, there is nothing they can do only mine it. Noront now has two defined ore bodies, the Eagles Nest worth $6 billion in the ground and the chromite worth a few billion more. At our current market cap of $180 million, the Ni/Cu/Pt/Pd resource translates into 3% of insitu value. This is a complete farce and defies logic.

AS for Noront changing from a developement company to an exploration company, well that is a farce as well. NOT is an exploration company. They happen to have two defined orebodies and the company has never produced a tonne before. They are having trouble, obviously , with the deep drilling and they have five drills in operation. They have no choice but to drill adjacent targets because that is what exploration companies do. They cant afford to keep losing money on deep holes so the logical move is to find more closer to surface due to economics. they also have this huge land base that we keep saying has value. Well, it has value if the targets have mineralization and thats what they have to find out. Find one with decent nickel grades and they will have a critical mass not only for production but to create that blue sky anticipation of the next target to be drilled.