Great info - I think you chose the most important part of the report.  This is also another proof that you cannot slap a 10% discount value on what Noront has when these types of deposits typically occur in clusters (combined with the fact that Noront has already pinpointed a number of magnetic anomalies in the area which have a similar magnetic signature to that at Eagle One).  Thus, "blue sky"potential here is tremendous!!!!  This is confirmed by this section of the report.

"This percent of value can significantly increase if there is a high probability for additional discovery, the .blue sky effect.. For example, if Noront were to release a resource of 7 million tonnes grading 3% nickel equivalent ($800 value per tonne of rock) the in situ value of the mineralization would be $5.6 billion. Based on the in situ value of the resource, Noront could trade at $560 million of market value or $4.75 per share.  Based on the resource and the blue sky effect, the value could be significantly higher. For example, if an additional mineralized body of similar nature is discovered, the value could double well in advance of a formal independent resource calculation."