I believe in the current climate anything gold will perform...

I believe in the current climate anything gold will perform well, comes down to the SH vote of confidence to turf out the non performers on the board, he probably knows there is a wall of disappointment so the chairman's letter to SH pointed this out, in saying this there will be a quick move to exploration targets and assigning a drill contractor for a round of meters more than likely near known spots to quickly reassure SH that management means well and heading in the right direction, as its no good punching holes thinking there might be a resource over here just yet. Name of the game is to get the SP up Raise rinse and repeat for SH to keep the story alive imo !!

As For MC that's based on SOI and what stage the company is at, as for a re-rate that's inevitable in the current and looking forward climate, but for comparisons see the following link and come to your own conclusion once the dots start to get joined ?
https://www.listcorp.com/asx/sectors/materials