RE:RE:RE:RE:trading this weekThe explanation for the way in which the stock is trading relates to the difference between private and public market value.
This is especially the case in a bear market for resources, during which the gap between private and public market value can be unusually wide.
It's not just FCU. I'm holding all kinds of mining stocks right now that are trading for fractions of their net present value (some of them have already produced bankable feasibility studies and the market has still not moved much in the direction of the private market value).
So for a good quality company like FCU, where the metrics are particularly noteworthy -- one of two things will eventually happen in my opinion.
The first possibility -- if the bear market should persist -- is that FCU will continue to add 'pounds' to the resource and further de-risk the project. Over time, this would cause the share price to continue to advance toward net present value. But not necessarily at the speed we would prefer.
In a bull phase, even lesser companies will trade at a more robust price-per-pound and the best-of-breed (like FCU) would warrant a premium to that pricing.
In the meantime, a buyer could come along and force the private market value to be realized all at once. Personally, I think we will get through the winter drill program first and have the chance to add to the resource.
good luck, all,