I believe the major holders have a pretty good understanding of...

I believe the major holders have a pretty good understanding of the geological information that is available to the public, including nearby results.
It's not as if they have just discovered some new information today from random HC members, LOL.

I think what needs to be weighed up is ''Are these investors mainly holding/ buying env for: Coda , Pocos, Charley Creek or all 3?

I can understand the view of Coda likely being the company maker vs Pocos.
Personally, I see env as a good risk vs reward play at it's current MC, particularly because of the Coda landholding.
And don't forget the potential for further acquisitions.

What's env's MC value if Pocos doesn't come up trumps?
It's maiden drilling too, so even if they don't strike economical grades on the 1st round, doesn't mean they won't find something in the future.

If they happen to hit high grades at Pocos, then I'm sure it would open up the whole region as a new province; Would be a ground-breaking discovery.

I'm not expecting very high grades from Pocos, but you never know.

P.S. I dare say, today was a shake-out
I will call a 2.3 close for tomorrow.