While that is absolutely correct , it is only half the story at this point. Assuming the resources increase , profitability of a major project(s) will ultimately be proven. The real issue is just how high will the market cap already be at that (when ?) point, and will it leave sufficient room for a 5 to 10 bagger at that level. Many of us are continually rebalancing to reflect priority for lower risk holdings that can be perhaps 2 to 3 baggers in 2 to 3 years with existing resources. These may be 10 baggers in 5 to 7 years but with much higher and multiple risk factors. Just a question of how much of your portfolio you are prepared to gamble. That will increase as the sp drops. Looks like it has near bottomed.