In my mind, all the $1.10 accomplished was to fend off BHP. One dollar and ten cents won't be enough for Wyloo to get anywhere near 90%

Once Wyloo figures this out I expect them to keep providing loans to Noront in exchange for shares which will dilute the remaining retail holdouts into the ground.l

Unfortunately, unless a third bidder shows up, there's no reason for Wyloo to offer more than $1.10. They have the advantage of time and the ability to create more shares for themselves by providing loans to Noront.

There's also a risk in this upcoming election. I do not see the Ontario Conservativs maintaining their majority. It would in face not surprise me if they actually lose the upcoming election. That just brings a whole new level of uncertainty to anything surrounding the Ring of Fire.