Ehh... I (somewhat) disagree.You won't get a ten-bagger move on...

Ehh... I (somewhat) disagree.

You won't get a ten-bagger move on news like this. It's significant, but not that significant. The most that I reasonably expect this year is two or three times where we're at now.

Once construction has started and we're approaching production, I'd expect more of a move towards 'fair' value (whatever that may be.) But expecting a "story" stock, which Peak still is (despite us having a resource in the ground, we're still not in the position of having a definitely viable business, and won't be until the mining license is actually granted and the final investment decision has been made), to be traded at valuations based upon some assumption of the business being a going concern is... not entirely unreasonable, but also a little sketchy.

TL;DR: I wouldn't be placing bets on any particular stock price for at least another couple of months, and probably closer to 2-3 years out. Even such a bet would be predicated on everything going according to plan (license being granted, construction starting, etc., etc.)

All that said, I would expect a general upward trend as matters continue to progress. A profit-taking pullback is to be expected every now and then, but I'd be surprised if it dipped much more than it already has.