Ann: Multiple Priority 1 Targets at Gascoyne Rare Earths Project, page-33

I think your problem is you are looking at this as a penny stock however they are advancing well beyond that level. I originally bought into FNT in the old days at 3.2c. We had over 500M shares at the time. ^ month later we were trading at 6.1, 2 months later 9c, and then after the announcement of a JV we hit 29c. All we need to do from here is start the drill programs and get some good assays and we will rocket again IMO. It's the nature of the market. You say we are overpriced and I say we are extremely underpriced. Just our PNG project which I believe (from my research) has well over 2Moz of gold and warrants at least a 6-7c SP in my view. Then Gascoyne adjacent to two major REE prospects and SA as a bonus.
Like I said we all have our opinions however you are providing no basis for yours IMO.

best of luck

GD