In the aftermath of all the Patterson selling in Oct/Nov last year, the stock was showing some support at the 140/145c level. After the placement was announced the stock drifted to a miserable low of 84c , which was 4.2 under the old scale.
One would hope that - at a minimum - holders could see this back to at least $1.00 during the drilling phase. Any confirmation of the 60m strike would surely see this testing $2.00 (10c on the old scale).
Forget the Day-trader-induced hype of $3 (15c) from last year - that would be folly, but long term, quite possible.
At this stage I think all stake holders will be happy to see the price double during any successful drill campaign, otherwise....
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