With all due respect this is not how junior miners work The SP is not based on mining a resource it is based on the estimate oif gold in the ground which equals tonnage time grade

100M tons at 2 gm per ton (conservative) = 200M gms divided by 28 = 714,000 0z x$ 200/0z = $1.4 B/ 150M share fully diluted $9.2/share

But keep in mind total tonnage with new targets may 2 or 3 Xs that

5 M share volume to me indicates that some investors did their arithmetic