Totally agree, been a great run for traders.
I wouldn't say it's tightly held as the Undiluted MC is deceptive:
1) Lot of unconverted options that distort the undiluted MC held by traders. (this is 300m vs total SOI of 600m)
2) Options agreement with vendors of recent land holdings. (this is another 300m oppies + cash vs soi 600m).
3) Probably more options / issued shares from whatever they are buying now (there is absolutely no cash from what I can tell).
4) There's more capital raising after this suspension as drilling has not yet commenced. Of the 900k left as of December there's seriously not much money left and they need to raise!
This means there's probably an UD MC of more than double the current MC if we count the upcoming raisings. This seems out of sync with other projects given there are no assays or even drilling yet.
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