— Year End Closing Prices
2020 – ~$0.22
2021 – ~$0.83
2022 – ~$0.34
2023 – ~$0.62
2024 – ~$0.61–0.63
2025 – ~$0.75–1.00 (base case)
2025 expectation: slow re-rating, not mania.
Above 2024 close = structure intact.
Below ~$0.45 = thesis breaks .
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