RE: RE: RE: RE: RE: share price
Continued assay results and other signs of management competence and honesty (doing what they say they are going to do when they say they are going to do it) will cause the stock to rise. If the rocks are good enough, the market can put up with a lot of shennanigans.
Look at San Gold... quite a few operational screwups, but the drill results are great and even without an NI43-101 the stock keeps climbing. I think they are a good example of what to expect from Douglas Lake.
There should be, coming up:
(a) More assay results occurring about once every two months increasing the area (and expected size) of the deposit.
(b) More plans for the first bit of production (equipment order, estimates of cu m /month, etc.)
(c) Some kind of initial mineral resource.
(d) The permit to get started.
(e) All the while more assay results keep coming out increasing the size of the deposit.
(f) Other misc DLKM stuff (diamonds, Chinese visits, etc.)
(g) Financing (not so great, but necessary). Getting a mainstream institutional investor to buy in (e.g. Sprott) would be really good.
So, I think this thing can start gaining credibility and start rising going forward.
MontyHigh