I'll agree right down the line with your thinking and Noront is years away from running out of high quality 'targets' for drilling. The cheapest drilling is that done close to the camp and Noront hasn't run out of good targets in this area.

While rich Nickel has been hard to hit it seems unreasonable to expect just one or two deposits and Noront has a lot of the highly prospective ground covered by claims.

Chromite might not be as glamourous but Noront is looking well on the way to proving up a lot of value there with current drill program.

When 'economic' is proven or close to being proven we'll see much higher share price, how high depends entirely upon what is proven and how much a major is willing to pay. Could it be $6? Of course but could be $3 or $10