There are a Few People With a lot of SharesSSL and HCU likely have in the neighbourhood of 35% of the shares. There are a lot of small individual shareholders that have been in accumulation mode and have holdings of a half millin to more than a million shares each. There are some old (2018 ish) valuation reports (Edison for example) that valued the company in the $3.50 US range before the price of CU and AU was anywhere near where it is today not to mention an extension of HNE north. Drilling is ongoing for the last 2 to 3 years with zero results released. Should a buy out offer come along, these folks will not jump at he first offer that comes along unless it is decent..
Major Drilling drilled a record 2000m deep hole at OT in 2020. I dont think they drilled that hole below their open pit.
Edison values ETG's Heruga share at 0.65 cents a share because production was so far out. Well it's not so far out anymore and ETG's share of that giant deposit is worth a lot more than 0.65 cents today.