I was reading something the other day that made me think Resolute will sit this out a bit longer. I think they want to see more risk taken out of it and have it closer to a resource. However like you said they would pay more of a premium as risk reduces.
A few investors I know are starting to get cold feet with the trace back from 45 cents.
I think there should be some good news flow over the next couple of months with some of the already completed drilling.
DYOR
OKU Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held