That's my opinion as well but then I've been wrong before and never would have believed Noront could have been brought down to current share price.

IF, and it's a big IF, Noront were to sell to highest bidder a controlling interest we can guess at a low end and high end price. Without seeing recent exploration results we're really shooting blind but can look at huge property portfolio and existing deposits to give at least some guidance.

Personally I do not believe the institutions holding what appears to be a controling interest would accept less than $2 a share and very want something higher than $3. Certainly retail holders want to see way North of $4.

Right now even $2 looks good but enlarge E1 and $4 would look cheap. Nickel is still where the value appears to be.