You also need to account for the 2 capital raisings since 2015. The market cap is currently nearly double what it was back in 2015 - so is the company in twice as good a shape as it was back then?......In 2015 Mg'mt were new and their CV's created alot of positive sentiment,......and on the back of a rocketing GP the share price responded well. Despite claims that the company is fully funded to complete the mill, most believe another CR is about to drop. Too many broken commitments, questionable accounting and lowered expectations put the company in a very different place in my opinion........If if doubles from here it will have greatly exceeded the 450% move in market cap terms(after the expected CR).
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