RE:RE:RE:RE:RE:RE:RE:RE:Valuation Way OffWhile I agree that predicting the near-term price-per-share is difficult -- I will give it a try, purely to play along.
First, I am hoping that the company issues more than one press release over a compressed time period. For example, an update on resources and metallurgy and then the updated PEA. I think this would give them a better chance to build some momentum.
Another wildcard is whether or not you have the physical metals (and mining shares) in an uptrend at the time of the news releases. It would be nice to have the wind at our back.
All of that said, here is my wild a** guess....
If they put 10 million or more ounces in M & I, I will guess that we are going to have an initial burst north of $1. I could see us working toward $2 in the short term. (That said, the stock has had a rocket shot in the past -- so nothing would surprise me)
Given that there are some long-suffering longs, some selling off the inital burst would not be unexpected. But I think we can consolidate above $1 and permanently wave goodbye to sub-$1.
In this scenario, look for the stock to get much wider exposure across the mining stock grapevine. This is going to be longer-term supportive and as we work through the PFS, I would expect to see a pattern of higher highs and higher lows.
If you believe, as I do, that we are going to have a new bull market in the metals and mining sector, then that can provide some additional rocket fuel downstream. Between the higher valuation you might obtain at a more advanced point in the development cycle and having the wind at your back during a bull move -- it could be a fun couple of years going forward.
My own strategy is hold both a trading position and a core position. On the trading position, I will be inclined to sell during periods in which the stock is overbought on a variety of technical indicators on the weekly chart (and to re-build the trading position on periodic down drafts).
The core position I intend to hold long term -- until this company gets sold to a major or the mine goes into production.
Note that I am not a registered investment advisor and each person should perform their own due diligence. Good luck everybody.