Long term holder here so I am not a basher. Bruce Hansen has continued to be an asset to the GMO picture since his coming on board and will continue to be so.
The true pricing and not value is in the hands of the buyers in Mr. Market. Currently, anything that resembles mining, particularly metals, is out of focus of Mr. Market. Big money would rather hold things that are not hard assets. Think of companies like Telsa and Twitter.
While moly pricing, water rights and such are all very important, it is really all about the financing. Bruce Hansen knows that! (Furthermore, it is all about the Chinese.) The other issues have all been dealt with effectively by this management team in the past. This includes all the issues getting to full permitting, the ups and downs of moly pricing, issues in China's demand and on and on.
At some point, the "stars" will align as the world economic picture (demand) improves. Patience, Patience, Patience.
That was my point Matt. Simple to work on and they either have not done anything (which I doubt since they are engineers), don't want to talk about it, or perhaps someone just has a hard-on for some new crushing toys...