Had the same thoughts. I guess investors may be just waiting for the next announcements re de-risking financing, MOU's etc etc. Then it really does move away from explorer to small producer on the risk spectrum, But, i guess its not a lot of volume moving it around at the moment, maybe investors feel they still have some time...I don't think the dilution/future profits is of any significance to have a major impact on any NPV modelling per se, so just wait and watch i guess.
Surprised, page-2
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