"Once financing and construction come through, and again let's pretend the market returns to normal, then we can attribute our industry standard 30% of NPV."

The two words "to normal" are not needed!

And as such, to make the statement suitable as pertaining to shareholder interests respecting the 'Ring Of Fire', why not say:

'Given that finances will be there when construction can begin, regardless of when the market returns, Noront shareholders should resist any attempts to have them give up shares at even 1/20 what this environment has this all valued at.'

The market is NOT to be a concern.

Being bought out or sold out (again) has to be the prime concern.

Old Joe