I understand the general case being shown

but if you simply folow the legend across the base of the graph, I think the behaviour of the curve does track our experience to date fairly close

The peak and trough at the end of the discovery cycle aproximates what we did when our feas was delayed, and the speculators bailed

..and I believe that we are now approaching the end of the feasability cycle, which will be capped off by the release of the BFS and should experience a strong market correction in the following months

our experience is slightly different in that we are not a pure wildcat explorer

we have that outstanding arrengement with Teck which would superce the "sold to miner" point of a pure explorer

..heck we've always been "sold to miner"