Packsackman, you say 'minable' but I interpret that as the profitable portion from presently known.
Resulting share price must be at the core as to why the question was asked.

From Dec.9,2009 news Highlights regarding chromite:
< - Measured and indicated resource of 8.9 million tonnes sufficient for
a 15 year project producing 200,000 - 225,000 tonnes of ferrochrome
annually and a further inferred resource of 6.0 million tonnes with
the potential to add an additional 10 years to the project.
Mineralization remains open at depth;>

On Nov.23 I posted following:
<
From drill news released on November 19,2009:
"Our geological team currently estimates between 10 and 15 million tonnes of mineralized material at Eagle's Nest averaging approximately 2.0% nickel, 1.0% copper, 1-2 grams per tonne platinum and 3-5 grams per tonne palladium"
Using:

2.0% Ni = 44lbs.@$7.57 = $333
1.0% Cu = 22lbs.@$3.11 = $68.42
1.5g/t Pt = 0.052oz.@$1453 = $75.56
4g/t Pd. = 0.138oz.@$370 = $51
==============================================
Total $528

Shares = 164 million Discount to 5%
10 million tonnes = $5.28 billion = $32.19/share $1.61
15 million tonnes = $7.92 billion = $48.30/share $2.41
>

With both projects not completed with regard to drilling and reporting, we have to assume that the larger quantities are there and that there is a possibility for way more.
However in today's words, 15 million tons for Eagles and 15 million tons for Balckbird's chromite.
I discount to 5% due to both just being at exploration stage but with a bankable resource estimate.

The chromite at say $150/ton = $2,250,000,000 and represents $13.72/share. Discounted to 5% =$0.686.
Add the two up (2.41+0.68) and you have an estimated real price of $3.09 per share.
Not far from what some prognosticators recommend for Noront's price Today.
E.G.