Why buy the cow when you can get the milk for free? Face it management takes their free options and exercise them only when the maximum value can be squeezed out.

Cynical when it comes to management maybe but the risk always seems to be laid off on the shareholders not the management.

We can't expect miracles as exploration takes time and work to succeed but lately communication with investors and investment community isnt' what we'd come to expect. Dumping all the news about lost cores and poor results on some exploration could have been released over several reports with stress on some of the difficulty in exploring in these areas. Instead they were dumped on us all at once and we see what that caused. Mistake in my opinion.

Confidence is hard to gain and easy to lose. With the AGM coming up Noront Management should be laying some cards on the table and giving out some time lines they intend to deliver on.