Here's what I suspect has happened/will happen
It's been beaten down by silver price weakness and miners being out of favour and (unnecessary) mistrust of Mexico gov't.
More drilling results at LRS were announced today as predicted. Stock is down slightly because those who pushed it up yesterday were expecting more.
In the press release Brad says new PEA (preliminary economic assessment) will be out "end of summer". Originally it was end of June, then July, then summer, now end of summer. It will come eventually, it will be great. How will the market react? probably not very much, won't hold my breath.
Next will be the PFS (preliminary feasibility study) for LRS, expected "by end of the year". This will be the plan to build the mine. This should get alot more attention. Then as they are building it during 2024, it should move up steadily. Come 2025 when they start mining, what will eventually be millions of ounces of silver per month, the market will have no choice but acknowledge it. Eventually the share price will double or triple from current levels. The price of silver will remain to be an important factor. Most analysts agree it will increase significantly from present levels.
But I think the most likely scenario and the one that Brad is secretly hoping for, or maybe not-so-secretly, is to be bought out. Brad has said on several interviews that he has bult 5 or 6 mines and doesn't need to build another one. I don't think he wants to either. I think in that scenario we might only be looking at double current prices. They would be rejecting any current offers because the share price is unrealistically depressed.
Either way we are sitting on a gold mine (silver mine actually).