RE: RE: breakout on adm....I think the reason the shares have rallied nicely is because Canaccord put a valuation on it, making it easy for people to take the plunge.
From reading the report that was posted here, it sounds like any further increase in the stock price beyond where they pegged it would be dependent on increasing the resource base (and of course the price of gold). IMO this makes the need to develop an alternative plan beyond heap leaching a blessing in disguise, since they will be set up to handle any metallugical problem from the new deposit (assuming it yields a significant resource), should one arise.
FWIW, based on a mineable resource of about 8 million oz and 130 million shares outstanding, and a CA$2.40 stock price, I come up with a very rough valuation of $40 per ounce in the ground - not great but an improvement. Maybe someone can check that.