Firstly, I don't think $70/80 is baked into the price. It may be...

Firstly, I don't think $70/80 is baked into the price.
It may be based on NAV on the reserve of the production scheduled in the DFS.
Then you have the other half of the resource drilled up.
The you have more resource to be drilled both of which one can expect to happen if $70-$80 is reached/breached.
There will be gearing on plant/production extensions.
Not to mention corporate action. For instance TOE springs to mind.

I don't have a top value on $ 200/lb.
I can tell you the story of the last time. I bought PDN at say $0.25 . I saw U go up and sold at $0.50.
The thing went to $9 or maybe $12 (I forget the memory is somewhat painful - from me kicking myself).
I was green (but not yellow ha, ha) then, am a little more seasoned (reasoned?).

Enjoy your Friday all. (Powell my spoil it )
Cheers
As.