In what surreal world is this stock at 30 cents?
It is a baffling price even with current macro conditions and the forced selling that is still going on though, to a much smaller degree. Hedge and mutual funds that must sell are going to do so for the Sept month end. Whatever is still to come should be done by then.
I beleive that we arent roaring out of this price range because the market is pricing in the possibility of the project not getting financed. While the economics are as robust as they are, that is still very much a possibility.
If the downside is already priced in, it would seem there is minimal risk of going lower while the upside is huge. Makes for an excellent risk/reward scenario at this price IMO.
To anyone getting nervous about the lack of updates from the company on this topic, be aware that the BFS will not even be "official" until it hits sedar. What was released last month can be considered the unofficial version. I believe that should happen this week. Until it does, the entire project evaluation process cannot go forward so watch for that. Also, we should have some other news releases coming out soon and they may take that opportunity to update us.
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