You are likely to get slammed as a short for even suggesting that NOT could possibly lose more ground.

Had today been high volume it could indeed have been even worse than it was since not a lot of support materialized to keep price above $5 but then neither were there a lot of desperate sellers hitting what bids there were.

There are questions as to the size and value of Noront's find and the present market valuation. Drill results and aerial surveys will help settle this question mark and the market will then reconsider valuation of Noront shares.

In my opinion just a bit of caution entering the market and news could remove this uncertainty so price can regain what it's lost.