"The market is pricing CUU at 85 cents for a reason."
That would be the market that is trading around the 20 to 25% of the float that is actually trading
The market is not even in this project
It is probably not realistic to extrapolate any value conclusions based on the small fraction of trading shares
Obviously these traders are simply frisbeeing what is available
It may be that certain deep pocket interests are keen on suppressing the market price, in hopes of gaining an advantage when constructive news is finally released
That would be quite simple and cheap to do
There is little doubt that what the "market' is signalling will not factor significantly in any meaningful transactions