RE: RE: RE: RE: Why So Underpriced?If you read the Feb, 24 news release that fibonnaci referred to in his very useful and informative post, and then take the time to read all the posts here from early-mid February onward (less time than it seems, since for the past few months the posts have dried up), the lay of the land becomes much clearer.
The size and location of the resource is not an issue, but the ability to make a profit mining it has not been demonstrated, and any solution will take more time and money to implement. So it's an outsized risk/outsized reward situation. There are no doubt a lot of people who bought on the way down (or held) now looking to break even, but if the company is successful in developing a mining plan, I would expect the stock to sail through overhead resistance.