It's true the announcement of a larger high grade resource...

It's true the announcement of a larger high grade resource wasn't really news to us, and high grade drill assays won't surprise us either (though headlines do attract new investors at these low levels, the more the merrier!).

I think the PFS will be important, I really have no idea what it will show, except it's likely to be very good. Is the NPV $500M or $1B or $1.5B? I've no idea. PFS completion and understanding of economics will allow money to be raised for full feasibility, then development finance. At these milestones I think we'll see a lot more interest from financiers, brokers and the like and a market re-rate to higher levels.

It's early days yet and a lot remains unknown to the market so it's understandable the share price has been rather slow to move up. In my view an NPV of $1B should see a market cap of $3-500M, so 80c to $1 once feasibility milestones are reached.