No. It's your perception of number of shares; you should use market cap.
There are a number of reasons for this not shooting to the moon today, the two important ones are:
1) There is an overhang of equity issued at 0.9c a few months ago
2) Augur drilling only goes so deep.
However the results have been impressive enough to give a few people enough incentive to speculate ahead of the RC drilling. It's really a game of patience from here to mid April. I would think that any visible sign of continuity at depth would be thrown up as an market sensitive announcement, as that would be a Big Deal.
Ann: More High-Grade Nickel-Cobalt Assay Results From Itapitanga, page-41
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