RE: Why So Underpriced?good question;
i think that the market initially thought this might be another exeter-type deposit and it wasent; so the shares did overpromise and the market has been frustrated with them for several years now, culminating in the feb24 news release where it was specualted that the recovery rates would be lower than expected;
i guess the shares were victim to their own success but i think the drop has been overdone and are very cheap at 1.20, very good support around 1.10; company has good cash balance and has time to improve recovery and drill more gold;
i believe the company will be a takeover candidate someday;