It's tricky, as the last raising price at $0.06 will be a hurdle...

It's tricky, as the last raising price at $0.06 will be a hurdle to jump, with up to 500,000,000 shares held by potentially, disgruntled/impatient holders.
Though... after looking at the volumes since the raising in August... that 500m shares could have already been offloaded.
Perhaps 900m shares give or take have been traded since that raising. So.. maybe I am being pessimistic.

Volume is still tiny overall, yet the share price has already recovered 80% or so from the lows in late October (large holder offloaded at a guess).

Just to note, WGX just locked in a $100m debt facility for what I believe to be corporate purposes. While WGX have shown no interest to date in PNR that I can see, I still think there is a good case for WGX acquiring PNR due to their proven track record of running U/G mines (thought hey would likely be lumped with the current contractors in the near term).

As you say, if PNR can achieve another higher production rate for November, then... add in the cash from Min res and the bleeding will hopefully have stopped. We will see of course. As PNR still have a lonnnnnngggg way to go before the market will give them the street cred the likes of proven mid tier producers have earned.