Personally I believe they have inferred resources of over 5 million tonnes, probably 7 million and good average value of metals. They will not be able to infer higher tonnage unless they find more deposits where they state the 'pod' is open.

However the point is that the Market doesn't believe this and until something is released to support my opinion our share price will be under downward pressure.

Most of us are prepared to ride out the temporary pressure and live with looking at lower value of investments day to day. However if there are Noront holders that need to take cash out for whatever reason they have to sell into a market with few buyers, low volume of trading and take what they can get which is much lower than it should be.

Nemis and Noront are in a difficult situation because drills aren't turning yet, no new deposit target has been drilled and even if assay results come out they won't in themselves tell the market tonnage and grade. Hype won't cut it, we need some real qualified answers to what the market wants to know.