RE:"....catalysts on deck..."It unfolds like this.....Currently the resource is defined.....Jan sees the full blown bankable feasibility study.....financing unveiled.....construction decision made.....work begins. We go from being in the "orphan" period to the building phase. The next quarter is THE most important one in the life of a mine per the Lasonde Curve. It's the trough from which the greatest value is created. You buy now and hold until commercial production is declared for the maximum gain.
If it unfolds per the Lasonde Curve AND we're in a robust gold miner uptrend/bull market. You'll see the price to NAV go from 10% currently to 1x NAV. A 10x bagger from trough to peak.
I don't think I've ever ridden a stock perfectly from its trough to its peak as I hate the group, the business, the actors...everything about mining. It's the worst possible business to engage in....however...there aren't many places where you have a basic roadmap to go by and the potential to make a 10x bagger with defined risk. Which of course if why I own ARTG SKE and TLG
You rent these....you buy in the trough at fire sale prices and sell to the late comers who chase them higher on FOMO. They are horrible "investments" so don't even use that word. You're speculating with a cheat sheet against others who come late to the party as they always do. If you take an "investment" mindset you'll do what so many have done before you....ride them up and ride them back down. If you prudently speculate you get the 60% gain in the middle and avoid bottom fishing, averaging down, averaging up or riding the whole cycle up and down.
No two markets or companies are exactly the same but the blueprints are similar for the group as a whole and have been for many many years