RE: Bottom has arrivedTechnical and fundamental analysis indicate bottom to me.
There are a couple of methods that can be used to determine what the fundamental fair market value of this stock is. 1. Discounted cash flow forecasts using the parameters that are available in the preliminary study and 2. Asset value based on ounces of gold in their resource calc times an average price (based on other previous takeovers and peer valuations). All analysts use the same approach sometimes combining an average of the two methodologies. Needless to say when you go thru the numbers fair market value is considerably higher than the current share price. I wouldn't pay too much attention to Level 2 numbers which are suspect at best. Sell orders can be be piled on and taken off at any point. That's precisely the manipulation that the average Joe Investor can be influenced by. Technical analysis also supports bottom.