I can only guess the market believes the company although cashed...

I can only guess the market believes the company although cashed up is going to burn cash but with little progress to show for it, can Rana turn the ship?, will have to go through news items to see how much drilling is planned near term, re Penikat drilling is planned for late 2024 but going on what Nordic posted you can be sure there could be an appeal if drilling is approved, but no matter we should not be priced at cash, most of the asx mutts i checked out today averaged 3-5 million EV, management needs to take notice of what mr market thinks and the reasons.