Agree they probably will be drilling on the side to get 1moz into Measured/Indicated.
That said, drilling is not the only catalyst for SP movement. BSR has more that it's fair share of ducks lined up that will see the SP appreciate as each gets ticked off. Huge flow of news over the next 6 months. If you are medium term trading this Adam, I can't see what the concern is personally. Will prob have a few quiet weeks before see much action.
This is a buy/hold for me, then trade when drilling campaign steps up.
Even when 1moz measured/indicated this will fly into a 9 figure cap. What will it be at 3,4,5moz?
BSR Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held