Ann: Drilling Recommences at Morning Star, page-10

And still not in profit after a few years, so the $8.5m MC means nothing unless you make profit....

Until they prove a resource up the company is not entitled to be worth any more, loss making in gold mining does not increase MC, this is not Face book or Tesla where there are worth billions and making running at a loss, this is a rehashed story with limited gold supply which is dearer to dig up and process than it is to leave it in the ground