I think its a combination of the two, with a presentation just over a week ago alongside a broker report last week with a valuation of $3.38, with the closer proximity to meaningful rerate worthy catalysts in the next 3-4 months , can see why interest has increased on market at these basement prices of ~$0.60c.
As we get closer to the catalysts and news flow increases, I estimate that the trajectory of the SP with higher volumes will continue.
The path to a Billion Dollar + company, page-196
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