RE:RE:RE:100 million tons of ressource.....
Agree. A BIG tangible / bankable deal with a multi national, with associated ownership or buildout funding, convertible debs is the ultimate needle mover. You have to know a multi national would seek assurances from the Provincial and Federal governments around regulatory / FN hurdles / permitting etc. So a deal of any consequence would defacto substantially reduce execution / regulatory risk.... which in itself would bring in the institutional buyers.
But in the absense of a deal, in my opinion the company has to have the people in place to responsibly and professionally educate the institutional community to be the incremental buyer of the value proposition. That involves not only "proving" the asset, but also forming the trust in management's ability to execute and manage the hurdles to get the asset into production.
Being cavalier and folksy will only get you so far. At some point if you want the markets respect and the associated defensible valuation, you have to "hire-up" and bring in the people who have mining industry / investment industry specific experience who arent learning on the job. People who understand what the investment industry wants and needs to hear. That includes proper 1/4ly or catalyst driven conference calls, regular analyst update meetings and a willingness to find the balance between information and promotion.