I can base a theory on a number of thoughts that go through my head having watched for a while. My point is that 1m is seems to be a headline figure (check how many times it is mentioned on this site) and perhaps is going to be about the upgrade number - and why not? Remember that .5 m oz was required at higher confidence for the preferred shares before and that was only just attained despite all the hoo ha. It could be argued that cal only needed to prove that much anyway.
it matters not as folk are already selling out. I am invested in krs and can wait another 18 months no problem and also am not buying anymore. My theory should not be seen as a deramp, more expectation management so that if the upgrade is slightly short, folk don't lose their sh1t. I would love to see 1.5m oz and have faith in dr. As for the shares on issue - they have been visible from day 1. Krs brought this to the table and should be rewarded for it - that is the company.
Just shows the perils of social media/bullet in boards and heuristics of misunderstanding. All the best.
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