You don't buy gold miners unless....There is a clear and unambiguous path to production. Otherwise you are captive to the whims of mostly ignorant gamblers, drill results, unexpected expense, continuous dilution etc. I80 has no clear path to production. They have a dream, a wish but they do NOT have a clear path to production.
Comparisons have been made with other miners...all wrong. Artemis took off when they were fully funded and a construction decision was made. It was possible to do the arithmetic. Skeena is fully funded and soon will commence construction. Osisko had a partner, feasibility study and deep pockets. I80 has none of this.
No fully compliant resource, no feasibility study, no partner, no plan other than spending hundreds of millions on a bet that they can bring 3 mines online to feed a roaster to process sulfide ore that the majors don't want anything to do with.
There's a reason why it's in the gutter with gold at all time highs it's just that dreamers and wish thinkers don't want to look at the facts and don't care about the arithmetic
You don't buy stories you buy arithmetic