Back to the pointLook, this is a great stock to hold and one I am overloaded on but this board at times and moreseo on CEO have a fair share of idiots that have no idea what they are talking about and have clearly done no DD apart from read message boards. The high buy out valuations have merit on a speadsheet but that's where it ends. It's never the "explorer" that makes real money on finds. It's the producer so temper the expectation. Big players hold the power and will do a deal to screw the little guy. It's how business works. $10 to $16 is my range. If it's more then that's a bonus.
Remember this is still an undevloped project with no permitting, a $1.5b+ outlay to include capex and it will not be producing until 2025 at the earliest. There are things that could still go wrong. If they suddenly find an ancient indiginous burial site as an example then we are all screwed.
Secondly, what I have heard indicates no FS until January and I expect the capex when announced to be over $300m. It's called DD and I do a lot of it and speak to as many in the know as I can and then I invest big. I do expect a drilling update soon though. The upcoming presentation are a nothing. They are booked well in advance and no company ever announces news at a presentation. If investors get impatient though December when there is no FS and we go back to the $1.70's I will buy more. If not then I have plenty.
My stance is Rowland and Patrick do not want to develop and will invite offers once the FS is out.
If you have different views that's great. We all invest for different reasons. I have no crystal ball and I'm just throwing in my 10c.
Bottom line is if you have a position sit back, chill out and wait.