Babjak, I agree with most of your post, except this part:

Joe,....if I was a majority holder of Noront....and if Gravelle was still "not getting it right"....I would definitely not be exploring and subsequently doing a cheap PP for drilling. No way. Not with the current cash position.

I would put a complete stoppage on work to light a fire under the seat of Gravelle and Wynne's pants. Much like Noront threatened to do last Fall.

If NOT were to stop everything........you can be sure that their loans will get called especially if RCF and Franco see evidence that nothing is being done.