"Just one thing you could add. A hostile takeover of Noront is extremely unlikely and this has been dealt with many many times on this forum."

If we were still diddling with just nickel I would say right on, but with the size of the chromitite and the fact that they will be developing resource on this sooner than later, and that, perhaps most importantly, the sp's are very low and this is the time to maximize efficient acquisitions, I would say that the wait for involvement with another company whether hostile, friendly, takeover or partnership may be likewise sooner than later.... depending on what sooner/later means to you.