I am not going to disagree with you on the stock price because to tell you the truth I have no idea what is going to happen with it, and from my limited experiance there often seams to be a disconnect between it and reality.

But what elephant? E1 is currently 3,000,000 t at about 2.5% Ni, you can have all the inside information you want nobody knows if this deposit is going to only double or triple (which would be an ok mine depending on metal prices) or increase by 40 times (and actually be a elephant).