There's a few cases that could be made for either an extreme...

There's a few cases that could be made for either an extreme move of a multiple from here to say 12-15c or more, or more of a 5 wave move that preceded all of the PA over the last 3 years which would continue to see a steady climb and rise over the coming year or more.

The 5 wave move was pretty defined from 2020... IMO we are well past that type of PA structure as the company restructured and now as we move into more advanced exploration it will trade more eratic. The chart should take on a more aggressive shape with more volatility. That being that approvals and time frames are being met.

Now the smart and wiser me would likely say that this type of shape or PA like the aforementioned 5 wave would play out here... But there is something in the weekly and monthly chart that has me thinking that a little moonshot is about to get underway. Perhaps straight into 10c and reject or if the news is really that good and the market participates, she really gets going. That could be challenging still knowing that 750m SOI are still out there but the Top 20 still owns 65% ish. So I'm not going to discount the overhang and P-takers.

My argument for a very strong move from here is because of the circled accumulation formation on the monthly. Very telling for stocks I've rode that have gone on to shoot...

Another thing I'm looking at is the historical RSI 30... on the weekly she's nearing a resistance point where price could stall.. so I'm not discounting a retrace after the recent run with no real news to support price if none comes.

Price has respected this RSI 30 trend line very well over the last 3 years so we will see I guess.. I'll be buying any dips I'm sure regardless. I can easy see this getting multiples from here comes the next year or 2. As I said last year 2022 was the year of accumutlation... 2023 will be the year to try and get the best price as she awakens.