When the probability of the project being built rises, the...

When the probability of the project being built rises, the market cap of HIO can moonshot higher. When the cost of capital collapsed during the COVID the chances of all kinds of things actually happening increased massively. So yes HIO was fairly valued at $1 during COVID, and is now fairly valued at 3 cents with market seeing zero chance it will get developed..

There is definitely room for things to improve.. I am more than a little dissapponted that HIO & MGT aren't doing better given both are talking about very active interest in their projects from third parties

In the meantime just trade these pump and dumps . Morrisons has been the big seller obviously, a revolting broker that has no network except for a bunch of ex traders/fundies that take the stock and then dump out...3.1 is the offer price adjusted for the fee and options, so they are happy to sell down there.. Will take a while to clear these nobbs..