The obvious question is.....where are they going to get the funding?  Keep diluting sharholder value by issuing more shares?  They declined the Wyloo loan stating they don't see any way in the near future how they can repay it.  Would ANY financier or bank lend them money with that company financial declaration.  EA for road 2-3 years away is a death knell for Noront.  

Imo the reality is and has been (and for the next 2-3 years minimum) that Noront is a claims holder and Wyloo is looking to buy the claims. With the prospect of an actual mine 5 years away, Franco Nevada and Baosteel I'm sure would feel much better if those claims were in the hands of Wyloo rather than Noront. Haven't heard from them or First Nations as yet.  The dance continues