ValuationIt is a typical cycle - a run up on discovery then drop, a run up in the early part of construction then the speculators go away as they know it is a period of spending and no revenue. In the case of Torex the region and union situation robbed it of investor faith. It takes a long time to regain favour. I think the road back to a reasonable stock price has started. The new stock target I saw the other day gives a $17 target.