goFWR
Interesting commentary, but you are forgetting that Noront is still in the early exploration phase, and still located in a region that is 350km from the nearest transportation link, and there is no hydro at the site. Add to this the environmental assessment questions that will surely come along, and the question of the first nation interests.
THOSE are the differences between nickel bought on the exchange, and the nickel to be mined as yet. This has been a factor in the valuation of the insitu value of FWR and SPQ. This is why we are better off waiting to hear from our governments and first nations before ever considering a sale to a takeover company, if we want to get any decent appreciation.