An 11m mc, with a high grade shallow historic resource, with...

An 11m mc, with a high grade shallow historic resource, with known drill locations that can fatten the MRE.
There is the opportunity. V peers like I88 who are valued much higher, with no idea where the resource is.
It craps all over every other uranium valuation on the market, for probability to discover, high grade news flow.
Sitting on the bench, betting on CR before the market wakes up to the fact of the historic foreign resource, is up to you.

Perhaps they have enough cash to drill shallow, and that is all they need to do. Why ? Because if they know exactly where the high grade historic are, means they really only need to finance one or two shallow drills to bring the markets attention. It is not a large green field drilling fishing expedition. It is a drill on treasure map. Cheap, efficient.

Make your bets as you see fit. You bet the market will remain ignorant, and that they wont drill prior to funds running out.
I bet, that either there is a market discovery where risk on betters gamble like i have, that the probability is heavily weighted to success on high grade drills news flow. Simply the market discovery, would bet this higher given that the reward case post drilling, will start a momentum of interest as they then continue to fatten the single drill historic to more MRE.

By all means see which comes first. A market waking up to the probability stakes, drilling, or a CR.
But if 1, or 2, come before 3, then the train will have already left the station.