RE: RE: Narrow range Abe,
I would say you nailed it. Since the stock price of SBB is at this point in time primarily driven by sentiment, what with any future cash flows well off into the future, sentiment has been rocked by the events at both NEM and AEM. relatingn to their Nanavut properties. But, the good news is that the cheaper this gets the better the value. This stock is best bought into the pain zones, when sentiment is at its lows. We are there now but I agree that it could be in for another leg down-I dont know the stock well enough at this point to determine that, as I am a reasonably new shareholder., But I have boiught large chunks down here hopinfg it stablizes, but fully prepared to purchase additional chunks to average lower should it decline much more-by taking out the 3.50 ish area,. Then we may see a quick decline towards the mid two's.
Either you buy this vision or you dont. And by the way, there is a lot of experience with diamond mining companies operating in the NW territories who know how to operate in conditions like Nanuvat. Where drilling can only take place when lakes are frozen, everything has to be flown in with Hercules C340's on ice runways, yada yada yada. But if the deposit is valuable enough and the proice of gold is high enough, it gets mined. Bu it takes a lot of patience.
Now, that silver royalty is another thing altogether. That future potential stream of cash is/ and is gonna be quite valuable.