still cheap

Provided resource is confirmed and Federal rights are granted, at $1.25/share $83M mcap this is still a super super cheap stock. Looking at ASX peers in Africa at the height of exploration excitement market caps reached $600M on smaller resource targets.
I do understand we have various hurdles to jump but with historical logs telling us the resource IS there and it IS of high quality, and the Feds telling us what we need to do for permission to drill I think the upside versus risk is in favour of the shareholder.
It is not often you come across stocks like this with such exciting potentinal