Anytime your interested you can go to
http://www.grahamanalytics.com/Toolbox/insitu_valuation.htm and run the in situ grades for the 'Eagles Nest" deposit (
http://www.norontresources.com/?projects#eaglesnest ).
Current ore in situ values for 11.131 million tonnes of Proven and Probable is $414.98USD/t or $439.88CDN/t for $21.37CDN/share in situ value at 231.75 million shares outstanding.
For 8.996 million tonnes Inferred reserves the in situ value is $380.6USD/t or $403.44CDN/t for $15.66CDN/share in situ value at 231.75 million shares outstanding.
Our current in situ value ignoring rhodium, chromite and all secondary deposits is roughly $37CDN/share(outstanding) or roughly $33.6CN/share(fully diluted). At our current share price of $0.20 we are trading at 0.6% of our in situ value. Use whatever % factors you think are likely and you can see there is lots of upside even with future dilution.
... Been There