Plenty of catalysts in the near term to achieve that rerating.
Updated reserves.
Results from the deep diamond drill at Orelia.
Broader exploration results, including a potential/ game-changing greenfields discovery.
Decision to mine.
Clarification over funding (most likely debt financing) to refurb the mill plus initial opex.
Transition to a gold producer.
NB* - Potential as a TO target can't be ruled out as well.
EAR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held