makatititi's formula has been very well documented and disclosed since the merger agreement was released. it has been outlined in dozens of articles since and it's origin can be foun ON THE PAGE AFTER the one you cite in the agreement. Have you ever looked at it or are you regurgitating what some other doofus told you?
Within a week they announce a $20m investment from Sichuan and then an exercise of warrants at $4.05 (I know the $4.05 was for each share + 1.75 class a warrants) with the announcement of completetion of drilling 12 new holes with more to come. Could it be that some folks know something positive here??