Ann: Prospectus, page-5

You are correct 7m cheapies issued prior but just over 8m are escrowed so not tradeable.
And you can be sure the seed and pre IPO stock went to investors who are in this for the long haul. Today's trading endorses that at least.
Just look at the beautiful and controlled soak today of IPO spread flippers. Did you see the individual sells? All the 12,500 share parcels.... Spread, and some smaller allocations only. Biggest I saw was $10k worth. No one with any decent size looked to be exiting. And they are being soaked up by the bulldozers. It should just get tighter and tighter imo.
Anyway poor market so who knows what the coming days and weeks hold.
I don't mind these tenements at all. Excited for exploration . And obviously with such a low MC and EV and tidy register would have to consider potential target for future vends and acquisitions if they presented themselves. Many arrows to this bow and a longer term play anyway.