If what we have heard is anyhow to be taken at, or near, face value , then anything other than a big runup today would be nonsensical. 

I did not forget that Baosteel paid 0.86 for their shares, a long time ago. And where are we.

Germany has traded a very good 50k until 1pm local time, in spite of a forbidding spread of about 15% between bid/ask. Maybe this means something. If you want to check before Canada opens, here's the usual link: http://www.ariva.de/noront_resources-aktie/kurs

1€ is roughly 1,50 CAD currently