News: DTR Dateline Resources Announces A$4.2 Mln Rights Issue, page-4

I've seen gold explorers/developers with exploration results less than 88m @ 4.14gt and 70.1m @ 6.53gt go above $2 with a similar starting market cap. This was before the latest gold price increase making profitability greater.

Also like the look of the geology in the pit.
The hard rock is weathered and jointed in a way that will make drill & blast very effective.
This will benefit crushing processing significantly by limited oversize to the primary crusher, ore presented will average smaller, allowing choke feeding of the crush circuit, increasing throughput, increasing wear plate life, producing an average smaller finished particle size, helping with recovery, reducing power consumption per crusher ton.

Would like to see a decent hedge put on place with the finance process to de-risk the project.

With the grade and robust ore bodies the ROI should be stellar.