"The initial information on the land requirements must be submitted to Noront by Feb. 2"

This statement seems to scream drop the SP and sell.... to grab a year end loss and rebuy in the spring......If I were a 'club' member I would gobble up all these cheapies and then release the hounds.  As Babjak1 pointed out RCF just paid .3675 for a whack of shares.....why?

(TORONTO, Oct. 12, 2017 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture:NOT) is pleased to announce the closing of a non-brokered private placement of 3,400,000 common shares at a price of $0.3675 per share with RCF V Annex Fund L.P. (“RCF V Annex”) for gross proceeds of $1,249,500.)

The smelter decision is just one cog in the big wheel.  'Somebody' is going to pay for this billion dollar smelter and Trudeau will be making announcements 'with his partners' likely after the Canadian Infrastructure Bank is launched and logically after Noront announces its partner or new boss.  How can the Prov and Feds dump billions of dollars on a company with a tiny market cap like Noront?