That's true but we are some way off meeting those milestones and...

That's true but we are some way off meeting those milestones and personally, even though I am bullish for bnl as it has great tennant's and potential I believe the market has already valued in the granting of the permit, meaning 75- 100 mil mc is possibly a fair value. Large up swings usually mean large down ones too and this stock is yet to form a base price from its latest market re-evaluation. Once the dust settles and traders take their profits I think we will settle between 065 - 075. then a cr with discount to the 30 day moving average for $3m odd .. cr after drilling is wishful thinking to those that belive that, because you could be doing at .03 if first hole is not commercial, but anyway we will see. Ive been wrong before picking price points for this stock but for those who have been following my posts I have said all along .065 for permit which is not far out for a conservative estimate made months ago. What supprises me the most was the pull back yesterday wasn't a little bigger, and the volumes were so low so many traders held on and the buying support fell off so quickly as usual but they returned today with momentum as there was confirmation there are no public comment for the permit hearing. Which is why I have re-assessed my valuation to .065-.075 until we have a drilling date, bearing in mind there isn't a market correction in the mean time as our charting freind is suggesting.