Volume on FNC is not so high. RSI is hitting 20. Overall gold &CRB bear sentiment may be bottoming (see Mark Hulbert one week ago; we were then near a bear sentiment buy signal before the recent gold & CRB selloff)

This is my guess of the FNC sellers mindset...

'..PRB was nearby Noront's Eagle One, and missed and share price got cut more than half...that means each $1000 can become $400 if FNC doesn't hit big....
Noront was drilling around Eagle one and found the deposit was limited to 2 soccer fields...
so where is the next soccer field? Noront can't find it...why should we think FNC will find it?'....... (end of guess)

These investors don't place much value in FNC's Magpie or other claims, or the rich chrome prospects of the ROF.

I think many people got overinvested in the ROF stocks...and have felt a lot of pain lately...and can't take anymore pain...leverage might be an issue..but their emotional pain is big with losses from overweighting of stocks like NOT, BMK, SPQ, PRB ..ouch