Guess I'm not as suspicious as some and took the FWR jv as the likely outcome of discussions. Here is phrase from news release that seems most important.

"Probe and Noront are reviewing their ownership interests in these lands, the historical work undertaken by each company on these properties, and the history of their contractual arrangements to determine an optimal strategy for the ownership, exploration and development of these lands that is consistent with the long term interests of both companies "

From the price move this morning it appears some investors suspect disagreement rather than co-operation. Disagreements aren't unexpected when large amounts of money are concerned. Noront will have to comment on this and if it's a collaboration or points of dispute to be settled.

Since this was solely a Probe news release it puts pressure on Noront to comment and just maybe points to disagreement rather than agreement but we just don't know. Problem is the 'market' doesn't like question marks.