That's something you won't see until share price on the market is at or above $10 . At present time a company could accumulate 10% on the open market at lower than $10 so why would they pay $10 for private placement?

The majors would want control of Noront's properties and a deal for that might cost them $10 a share or even more once more drilling is done.

Just can't see any point in considering something that just won't happen.

Unless of course Noront thinks they can go it alone and tie up all the valuable property by joint venturing with all the other juniors in the area for which they'd need major dollars. Then building a war chest of 100 million would make sense.