Very much in agreement with you Spot. Noront BOD has an obligation to shareholders value and so far it looks like they are content with a quick sale at an undervalued price. Why wouldn't they? With the amount of shares the BOD hold they will walk away quite wealthy and probably won't have to work again. So what if their reputation is tarnished by doing so. I hope I'm wrong, but that is the appearance they are portraying.
Coutes need to take a lesson from Robert Friedland of Diamond Fields re Voisey Bay. When Inco and Falconbridge teamed up for a joint offer Friedland immediately rejected it. The bids inceased after that.
Grow some kahunas. You are supposed to represent the shareholders, and not by putting your early retirement first and foremost.