RE:RE:I don't understand Great explanation.
To add a little bit to that, at this level and with the action currently running rampant in the Junior mining market, there are shareholders who have seen their investment return more than 1000% (as HepburnMcRae said). That's a good time to take some profit off the table and spread it around a few other juniors who are late bloomers.
I myself will be holding this position because as HepburnMcRae said - $1.30 is undervalued with the known gold in the ground. With the previous information (43-101 report), there is approximately 6.5Moz in the ground. If you assume each oz is worth $100 (after all mining costs are accounted for and $100 is conservative at the current PoG), that leaves you with a share price in the neighbourhood of $3.00 - right now. (6.5Moz * $100 / 241M shares = $2.96/share)
So, without their drills finding anything else, the minimum this stock should run to is $3.00. But, the likelihood of their drills coming up empty seems to be slim based on their past performance. So, $3.00 seems like a minimum target and I am setting my sights on $10-$20/share.