CNL would be a comparison here, IMO. Almost the same amount of shares out and they are trading ~ $8. Sure they have some measured and indicated ounces up to around 3 million, but there is speculation built into their sp, as will be with ours again in time. If we have drill indications of us having a world class deposit, our sp will jump to reflect the speculation of us having more as well.
IMO, at this time, most of the speculation has been removed from our sp. If a major were to make a move at us at this time, his offer would have to be much higher from here. And if you think of it, why would a dozen miners want our NR,s? And why would one of them sneak on our property to only be clubbed on the head and escorted off our property under Lori,s direction?
IMO