Antlizzie further on in your post you say:

"The only thing to change my view on this would be another hole 49, and even then follow up news of that magnitude would be needed to keep the share price moving up."

What you, and many others on this forum including the public, do not realize is that we had another hole 49, it was 81!
Actually 81 is better than 49 by about 25%, or any other hole in Eagle's Nest. It does not have the highest price per ton intersection ( that belongs to 70W1 but this intersection is only 22.8 meters ) but it is most valuable due to the 157 meter intersection. It means that this hole is straight through the middle of the resouce and most valuable to us as a whole.

Where hole 81 suffers is that it was not discovered before 49. Hole 49 was a surprise and that is what was largely going for it. Hole 81 is no longer viewed in that context and many people over look it's significance.

Had hole 81 been found at AT12 then not only would it surpass 49 in influence but it would open another spectacular resource for the company and the share price again would have gone through the roof, higher than 49's and probably higher that the 7$ of a few years ago.

All in my opinion of course.