The price will fluctuate day to day and don't be surprised or too concerned if it pulls back further. Short term holders have no interest in waiting a year for the DFS, or other news, so they sell up and move on.
There is no logical reason for the SP to be in the 5-6 cent range, when the PFS numbers were so spectacular. However, there is no feeling of rush for investors so the price languishes.
If you are here for the long haul, and I highly recommend you should be, just hold tight and buy the dips until you have built a sizeable position.
There are major catalysts on the horizon- Ore reserve statement, Off-take agreement, DFS, granting of 74% ownership (hopefully).
This may all take time but the upside potential for the SP is huge when you look at the NPV.
Just takes patience and a steady nerve.
VR8 Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
