Haven't seen any comment on Noront's cash burn rate is at the moment lately. Saw report placing it at 1.5 million a month and that seems right except for start up at windfall.

We are fortunate that RN has a pile of cash to pour into the DE properties but before April he'll be looking for more cash. That means either a big jv, placement of shares etc.

No rush and that means the best possible deal can be done IF it's done within a few months from a position of strength. Falling share prices won't help so RN should be champing at the bit to release something positive.