Value creation They keep spending on exploration and coming up with encouraging results and the stock has been on the slide for over 2 years. A NI 43-101 is an estimate, it is not a fail safe guarantee. The 1m oz indicated/measured is discounted to $35/oz because the market cannot be sure it exists or can be developed. This company has been working on the Porcupine project for something like 7 years but where is the value creation with this company? I can't figure out if it is time to bail out or pile in.