the only thing I think you are missing, or I am over estimating, is the number of shares tied up by those with a long term plan similar to what was mentioned earlier.
I think that makes the actual trading shares smaller than the os suggests. This might shoot higher on positive news in a pretty quick time.
Hypothetically speaking Q1 comes out early next week; next day, maybe 2 a pr is released with pretty good news about what they actually have mineral wise.
15 million shares traded, price jumps 100% or more in one day? (shrug) who knows?
That of course assumes we don't have a repeat of last yr. :)
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