Ann: Further Positive Ore Sorting Results on Drill Core, page-41

Perhaps people were more optimistic about the MRE increasing more than it did or perhaps the width of the shears make people uneasy that the DFS will discount them?

Obviously the mine will rely on previous infrastructure and the PFS was optimistic but again perhaps there is uncertainty around whether the DFS will agree with that or find that there are some further unforeseen expenses.

I think sentiment was hammered because of the options that's for sure. Then a few delays thrown in and people may just be feeling there are other places to put their money.

These are all guesses though. Really nothing jumping out at me. I think the DFS will help but maybe people just don't feel confident about the project and want to see the money raised (handled better than the option saga), and some headwind into production proving up how the project will actually come together?

Might be a slow burn as you say.

The buy side is almost non existent under 25c, not a great sign.