RE:sharepriceI'd be careful about suggesting that the price decline relates to bad news.
This has been one of the most brutal sector-related bear markets of all time.
Forget the garbage stocks that have collapsed. There are laundry lists of real junior miners -- who continue to gather funding, release PEAs with good economics, etc. that STILL GO DOWN.
That is ultimately the definition of a bear market -- where even good news is ignored.
But it is setting the stage for one of the all-time come backs. If a stock goes down 90%, a 5-bagger to the upside only recovers a little more than half the decline.
At this stage, if you can identify some of the survivors, there are large percentage returns to be had.
With regard to NUG -- either ABX steps forward or steps away. If they step forward, they are obligated to spend a minimum number of dollars on a schedule (they are not permitted to put it on the back burner and back-end load the development dollars at the very end of the term).
If they step away, we are free to find another potential partner. Meanwhile, remind yourself that the analysis right now is through the lens of the bear market.
Many have forgotten that the volatility in this sector cuts both ways. There will be another bull market in gold one day, and the upside moves that these stocks will make on NO news will remind you what a bull market can look like.
Here's to that day.