RE:New prediction Right now valuations are based on the inferred resources and likelihood of moving forward on the mine and the spinout. The actual value of either of those is significantly higher than the current price (the mine alone, if it went to production, would likely bring the value up to $12 per share on approval alone). Market is pricing in the risk of neither of those situations occuring, but trying to use any kind of analytics beyond August is absurd, as there either will or will not be a Spin Off, and a buyout could occur at any time.