RE:RE:Otis value The market will not give allways the "fair" review as we all know so let us check the major points here.
Nevada vs Idaho , Nevada imo is a tricky brand as its easy to get attention here for a few drill holes. A lot of companys fail there but the market highlights only the winner storys.
Idaho got a lot of interest over the last years and money is comming in the State, Midas, Revival and also Otis are only a few storys . Yes the had permitting issues there because of environmentel protection in the past, but things changed there and Idaho becomes verry supportive for mining again.
The rules of permitting processes got changed, to make it possible to advance permitting, that was a good thing for Otis as they have been permitted for a huge drill program at Kilgore in only 9 months.A environment group did go to court in late 2018 , but not against Otis , it was a court challenge against the USFS ( US forest service ) as they permitted the program.In November 2019 the jugdement came in favour for the USFF.
In combination with the market, particular for explorers over the last years the SP dropped to all time lows .....no suprise... Imo that had nothing to do with the quality of the project or the mamagement, the PEA is there drill results show huge upside, the 3M+ story is still on the table so it was a cheap catch for EXN from my view to cheap.....
Lets see what the next steps are and i hope that they are able to drill Kilgore in that corona times.
GLTA