Ann: Increased underground resource at King of the Hills, page-11

To paraphrase Maynard Keynes "when the facts change, I change my mind ... what do you do? " In case you haven't noticed, a new pandemic started in 2020 and the gold price came off the boil. To make matters worse, a brief Stockmarket crash in March markedly affected RED and its CR.
In December 20 - Jan 21, the banks due diligence was delayed by COVID travel restrictions leading to a SP knockdown and another CR.
Now, the COVID restrictions have lead to skilled labour shortages that are impacting on WA miners like SLR but there are no reports (yet) of KOTH's construction being affected, on the contrary, things going on time and under budget .... its a priority prestigious project for all contractors involved.
But if, as analysts expect, the project risk rating evaporates by first gold pour ( if not before ) the 40c+ per share is predicted = A$1bn MC.
Obviously, if the gold price collapses then all bets will have to be severely modified ....but with inflation well and truly out in the open thats unlikely (?)
If you're so unconvinced about the project, management (who are widely highly regarded) and the value of the company, why are you still here ???