RE: still overvaluedFiggo........you are a jacka$$.........it doesn't matter that it started at 5 cents prior to the results and the fact it is up 1000%.........not every stock goes back to where it started. There have been several other companies that started cheap ran up on inital results than backed off while waiting for confirmation in follow up holes. Once the follow up holes confirmed they were onto something major the stock ran to multiple dollars and market caps in the hundreds of millions and those stocks never saw under a dollar again let alone anything close to their starting point.
Currently DEC a tiny market cap of $11 million with cash in the treasury of roughly 10 cents a share gained through recent financings at higher prices of which insiders were big buyers. Insiders continue to buy stock in the open market as well even though they already own roughly half the shares outstanding.
The Red Cliff project already has 6 or 7 good holes reported (depending on how you look at it) including some bonanza grades plus results from another 23 holes on the way which could be the confirmation people are looking for in terms of continuity.This thing has all the ingedients of another venture company that succeeds and gets to a $100 million + market cap which would be $5 a share roughly.
Rocket
P.S. Anyone who was fortunate enough to have gotten in at 5 or 10 cents before the run had ample opportunity to get out or at least sell half when the stock was trading over a dollar so there should be none or very little low cost paper left in weak hands. The recent panic selling is being done by undercapitalized short term traders who bought at a dollar or higher and can't belive they are down 50% on paper. They are bailing out 'before it gets any worse' because they can't handle it. Bashers such as yourself are preying on the weak and vulnerable in order to get them to bail out so that you can get a cheap entry point. For that you are despicable and about the equivalent of pond scum IMO.