Noront can have a TSE listing when ever they make application. With the current cash in bank, pile more coming in June, bulk sample from what will be a gold mine and DE1 resource calculation in the works it is not debatable.
Sure it will cost a few bucks to hire the paper pushers and revise accounting but it could be done fairly quickly IF Noront management thinks it is worthwhile.
Personally I'm undecided as to the potential value. Possibly it would lift the perception of Noront to a new level and just maybe bring in some institutional investors. Maybe the best thing would be to put some brake on the fairly wild up and down in share price.
Since totally proving up the Ring of Fire is going to take a few years maybe getting the listing and proceeding for a longer term before selling out the total package found isn't a dumb idea. Especially if you're looking for large share valuation because a year or two's exploration could result in a huge value to major mining company.