IMO Market depths will change quickly with an arb win, those...

IMO Market depths will change quickly with an arb win, those paying attention will likely wipe out the immediate lines available on the supply side of the low hanging fruit. And those with orders on screen will scramble to cancel or move them higher. Best case for a transparent market, is for the ann to be released friday after close, and allow the monday morning re shuffle. Conversely an interim day ann would catch the low hanging fruit unaware, and allow those paying attention to snag a gift.

A stock of this cap, with equally significant arb cash win, where that cash is used to fund to low capex cash cows, has momentum on song.

Options and heads should do well, holding both.
Even a modest Arb win, might see a leg higher, and allow them to further any financing for capex at higher prices. The outlook, then to get those gold oxide caps into production.

When few explorers actually deliver the cash cows, those that do, can attract deeper pockets and valuation growth attention.