Well, whatever the exact valuation that should be applied to the resources... the upshot is, very simply, Noront should be trading at least at the prices which we already had, back in 2009 / 2010. That is, $1,50 or more. So the core question is, why was the sp unable to retain this level? What has happened? That's what I don't understand. It's not undervalued because it is an "undiscovered" stock; everything here is well known.