Ann: RFR sees 42% Increase in Measured and Indicated Resources, page-25

I picked up a few extra units today. A big seller or traders wanted out today but either way the NPV is coming in higher due to the resource upgrade and higher prices.

With DFS, potential debt funding and offtakes imminent, the derisking on a higher NPV leads to a step change in valuation.

Pretty easy to follow. Just ignore the noise and accumulate unless the story changes, which it hasn’t.