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I think we'll quickly see a jump to the $1.60ish range at the announcement, and then a somewhat slow climb up from there

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For reasons I elaborated on (in the Private Board) - I 100% agree with your sentiment. Many people (not on the message boards) don't believe Brazil will start...it's definitely not baked into our current price. The markert assumption (IMO) is that it won't start. I am beyond confident it will, and am wildly optimistic with our Critical Protocol for many reasons.

I believe $1.60 range on day of announcement of official Brazil start (1st injection) is very reasonable. Subsequently, I see us make the trek back up towards $2 again and then settle around there until we get closer to interim analysis. Of course there are other potential catalysts that could positively impact the SP before we reach Interim Analysis in Brazil.