RE:Well down 4% on excellent drill interceptI don't think the market is too worried about the exploration at this point. It is a late stage development company with the mine under construction. Getting the paperwork in order for the land transfer is moving along, but needs to get done, and the last of the financing for the underground mine needs to be filled. Then we will see what the market does. I suspect a modest rerate up, over $2 is a good guess.
Then the long, painful wait to production and cashflow. I like the company, but this is a long hold, probably 2-3 years to see the potential value. It might get bought out after the land transfer is done, but there is nothing absolute about that prospect.