RE:RE:RE:RE:rsNOT gained the rights to ROF in and around 2008 ish. I dont know how you got 20 years but this is actually a common timeline in Canada post 2000s for junior miners looking for big times. When you have trilateral negotiations to work with, things take time. Other communities that only have bilateral negotiations tend to move much quicker.
as it looks further and further that there are signs of a recession on the horizon, there will more then likely be renewed interest in this project as during recessions, there is a focus on home grown growth (such as economic wellbeing plans) because it will produce A) long term jobs B) investment in the north C) multi decade profit D) multiple spin off industries involving manufacturing in the south.
Reverse splits are accounting tricks. This wont just go away as an investment not worth it as it most definitely is. If NOT gets to the point where they need to consider a reverse split though (which they shouldnt) NOT will probably cut ties with the ROF entirely similar to what the pipeline did in alberta>BC.
With smelter announcement and already zoning paperwork being expediated by both locations as they want it --- the smelter announcement may kick off a string of others anouncements but with the current SP --- A drop of this magnitiude on the indexes i would expect even in the most resilient of companies - to have some effect. Its not only a matter of a drop in indexes but when growth of short term investing out paces long term investing -- it points to the early signs of recessions which is currently taking place.
Again, i wouldnt be shocked either if it did get down to the teens - i would be surpised by single digits though as it is much further then other projects in the same position and would indicate something more mischeivous at play.
a company that is notorius for not talking with shareholders and stagnation taken full effect but there is most definitely no reason at this time to talk reverse split when they got some good news coming down the line in a short period of time.
I am sure we would all like to see our negative turn positive but at the same time - you probably should not have every single penny tied up in this stock to the point of not being able to pay the bills. This stock is strictly, "invest money i dont mind seeing for several years" and not "next month".