I am asking myself the same question. How is it possible that people are selling at 90 cents and that we are only 2 cents away from a 52 week low?
I invested a substantial amount into this company, which has managed to break all of my expectations in a one of the toughest financial markets the resource sector has seen in decades. With $100 Million secured in financing, fully funded till production, with the highest copper grade of 2.3% in North America. Strong Asian majority shareholder on board, $50 Million of excellent existing infrastructure on site, world class management, centrally located in one of the best copper mining jurisdictions in the world and almost fully permitted, probably less than 1 year away from being in production. Can it get any better than that ?
So why are we almosst at a 52 week low ? Maybe the problem is that this company does not consist out of pumpers and promoters, it seems to me that the management has focused all of their attention of getting the company funded and into production within a very short timeframe, but they have definitely disappointed me in regards to the performance of the share price. Yes, it is a tough market, but other companies have been able to perform much better in regards to share price, with little or nothing to report over the months.
I will now wait for the SRK feasibility study and the 43-101 report, which I am sure will exceed everyone expectations.