Yes, a bit of an unknown as to what is going to be the catalyst...

Yes, a bit of an unknown as to what is going to be the catalyst to bump this along. My suspicions are this will move at some point without a direct linear cause. Time will tell what the "tipping point catalyst" will be. Based on numbers and comparison to peers, once this "tipping point catalyst" hits, its rational for this to be trading at multiples of its current share price. Million dollar (or multi million dollar) question is, what will be the catalyst? Further offtake? Finance? Gold? EPA? We are replete with options. APC remains a buy.