RE:price seems absurd - butIt's plain your not thinking straight. Of course drilling will be a catalyst. CEO is very excited to get this program going, it was held up due to corvid19 or the drills would be turning now. Believe me they are not killing time, but you are.
Wait till the trains left the station then buy and cry, that's what I would do.
Management seems pretty excited so it's your choice.
Like I said a few days ago I look for a good year.