It seems that the majority of private placements state a specific focus for the raised funds. The last private placement when first announced had the following statement from RN : "This private placement will permit Noront to accelerate the exploration and definition of its very attractive nickel-copper-platinum-palladium discovery in the James Bay Lowlands" Therefore, any private placements are easily assigned. Accountants would be able to split out the Double Eagle assets long before geologists can model this orebody for a 43-101. In my opinion this would be the simplist solution because the Double Eagle is so recent, the financing has been targeted through private placements and the many JV's are associated with this arm of Noront. It can be separated in a neat package. The resulting company could than focus on going it alone to develope the Eagles along with the JV's or proffer itself to a major. Exciting times ahead.