It looks to me as if Noront just picked up 50% of some highly prospective claims for NOTHING.

OK they'll split the costs of exploration with Probe but anyway you look at this it's a sweet deal for Noront and kind of sucks for Probe. Pretty obvious there was something in the paperwork over options on claims or whatever that tied Probe's hands.

While I have doubts about this having any effect on share price, immediately, it is still a big plus for Noront.