It will become a takeover target for many, it probably it is now.
But I'm guess the BOD can see the crystal clear path to production and value where a shareprice of $1.5-$3 is realistic.
Whilst work ahead is hard, the riskiest part is now over. It would be very hard for the management to accept less than $3 per share and very unlikely a prospective acquirer would pay a 12x premium on current price so I don't see happening.
Any take over would be with open market accumulation IMO so you would see it coming a mile off
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