I notice you are from Florida, I am in Ontario so my view is some what different. ( I was in central Europe in May, similar opinions there to mine, so I do not claim all the credit.)

First there is no 'liquidity' problem.( If it is, it stems from US printing too much $) That is a label used to put off blame from where it belongs. I call it a derivative problem that was sold off by the likes of Goldman Sachs ( record profits ) onto the likes of Greece and Iceland among others. So having done that they blame the problem on Europe for the recession instead at themselves. Greece 2% of European economy while California 10% of US. Also Portugal, Spain and Italy are more than offset by about 33 of US States at or near bankruptcy.

Same applies to blaming China for US debt. 'China in a recession' - that has been a common propaganda phrase from Americans. I find it amusing that you repeat the mantra.
I see it as US government deceiving it's own citizens of the problem's causes.

If China's economy slows down by two percent from 10, that is a cause for a continued world recession? OR perhaps it is continued US debt and record deficits ( 1.4 trillion $ in 2009, 1.5 expected for 2010) that show no signs of correction.
Katrina and oil spill in the Gulf are merely symptoms of bad management.

The problem for Noront of course is world economy but also lack of basic infrastructure such as transportation and power.
Condition of the land surface does not help with speedy development of the area, nor does the lethargy of government.
Institutional investors know the situation and are investing for long term while the retail is slow or incapable of recognizing the possibilities. Retailers react to the news, or lack of, for the day and are few to recognize the long term potential ( this forum members are a rare exception ).
If I am wrong with this opinion then I ask - How is it that the institutional investor's portion grew while retail's fell? Who has the greater connections and capacity for deduction? Who is the wiser investor of the two?

Hope you are patient enough to hold on to these shares and good luck and fortune to you and everyone else here. Cheers.