A few observationsNot so much about EC, as I have only dipped a toe into this stock and havent bet the farm, but more about the SP of gold stocks in general. A lot of people seem to think that Mr. Market always has it right, when often times - Mr. Market is off kilter and has it wrong.
If you want a good read about gold companies and their SP, i would highly recommend taking 20 minutes to read the attached link:
https://files.me.com/fransix/rz2686 (thanks to F6 for posting this on another board). If you read the preamble, then skip to Pg 13 you will find some very interesting information with respect to how the market perceives implied value to measured ounce. Some are well over priced and others grossly underpriced.
Regardless, I have a lot of stocks that are worth more than what they're trading, yet I continue to hold. My premise being that the big boys on Bay St are manipulating prices and constantly trying to chase their flavor of the day is pointless. Recognizing value and waiting until the market wakes up to a stock is far better than trying to chase "Top 3" picks on BNN.
Best of luck