A couple of points:
- ND looks uneconomical so far, but is close to open pit level & appears to be getting shallower as it gets extends. If the strike gets shallower, it could be economic as a whole.
- Only the met testing will determine what Mt Hope recoveries will be like
- You cant say what the size of the deposits will end up being as they are still all open in a couple of directions, but point taken about being harder to get off the ground as several smaller deposits. The only thing I will say is that its not impossible and can 100% still be economic.
As for whether its overvalued, tell me some other explorers with hits like these that have better prospects at a lower MC? Not it might trend down, but all the explorers are copping it at the moment. The SP has actually been pretty consistent since it hit its highs, which is normally what you want to see after the first big hits.
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