The only thing missing is information.... which should drive the precieved value up. The investors believe it has the potential to be much higher... the buyers are saying "Show me"
Thus each component has it's proportion for confidence building. The downside risk is reduced as each of the projects has the capability to significantly increase the value.
The next shoe to drop could be a big one.... If the 43 101 for the chromite is significant.... say 20MM tonnes or more it could prompt intrest from several fronts.
We wait rather impatiently each of us watching the antics in the market.... reminds me of when I used to watch ants crawling on the sidewalk! The market cap being swayed by a very small trading volume.... The ants were able to get me to move simply by moving closer....LOL