RE:why?Not much selling really. The average volume has been dropping for the last 2 months. Look at it as a buying opportunity. If you bought in looking to make a big profit in a week or two then you're out of luck. Management has a plan to de-risk the project by doing bulk sampling and preparing a feasiabllity study around the end of 2017. Either you buy into it or you don't.
Triangle is another Sigma mine. 2 million ounces down to 900 meters and 4 million down to 1,800 meters. The RE is being beefed up to increase the PEA NPV, that's why the delay in issuing the RE. The PEA could be in 3 weeks or next January but should raise the SP to over $1. I'm thinking Management would like the PEA to show a NPV of $1.50 to facilitate raising additional capital in the first half of 2017.
As to gold going up, it's a reaction to possibility that Trump might pull off an upset. If Trump comes up short, the gold price will probably drift bact down. Don't know if the recent rise will affect the PEA as to what gold price will be used. My guess is $1,250 U.S.