Sentiment has nothing to do with value
The sentiment has gone from extreme optimism to pessimism on what for most gold companies would be considered very good news. The valuation and expectations were just a little high. News reactions are usually 2 to 3 days. This story is still in the early chapters but the market is no longer for investors but just speculators with very short term horizons so a wash out now and then is to be expected in this game. My confidence is not shaken and I will be holding to see how the story unfolds.