Using the Canaccord valuation of 14/1/21 Thalanga is worth 32...

Using the Canaccord valuation of 14/1/21 Thalanga is worth 32 cps less 7 cps for corporate so 25 cps. Hillgrove is worth 22 cps (they include only 50% in the valuation). Exploration and cash adds another 3 cps. So the market is attributing nothing for Hillgrove until we get some production and cost data, which is hardly surprising. Buy more if you think Hillgrove will work, but the share price may not rerate until the evidence is in.