This should be required reading and points out both how important Eagle 1 is as well as giving one an idea of just how special Voisey Bay is.

Yes Eagle 1 deposit hasn't been fully mapped but I'm betting the geologist have a good handle on the size of the rich deposit, maybe give or take 20%. It's just not what was found at VB.

OK, at the moment we have somebody with at least some idea of deposit identified saying 1 million tons of rich ore and 4 million lower grade. The massive rich ore body at VB makes 1 million tons look like a minnow.

Of course it's too early to say what Noront will find but you don't chase after a stock because they own a lot of moose pasture. So far indications are that a rich ore body of 'around' five million tons has been found. That's good enough to take the stock up to just over $4 but just maybe until more is found the valuation the market puts on Noront will stick around this amount.