Ann: Mining Lease Approved and Mining Commenced at Macy Project, page-109

Agreed with what you said. But the market sentiment on junior miners is ‘buy on rumors, sell on facts.’ Look at those Co miners, many of them were 10 baggers before PFS and plummeted heavily afterwards and now are just flatlining.

SL1 sp will rise if:
1. production goes according to DFS with little to no surprises. DFS on Macy could only support a sp at circa 0.045.
2. Encouraging exploration results.

Again, this company has de-risked so much that it has lost lustre for traders.