Possibly all that will be required is a report on proven/inferred deposit at DE 1 and/or maybe results of the bulk sample from Winfield portal.

Noront Management has an awful lot on their plate at the moment but a lot of experts they can turn to to maximize shareholder value. It's not unlikely to see Richard and his boys set up a large private placement one day at higher value that current share price to raise 30 million or so. Best to plan for raising cash before it's needed and that kind of bankroll would permit Noront to control the McFauld lake players.

Yeah I know there are people who think there is enough money in the bank but playing it safe to ensure funds are there to take things to next level isn't entirely a dumb idea.