RE: I Simply Do Not Understand ItThe time between when the size and character of a gold discovery is known and documented, and the time the discovering company is bought out (or they open the mine) is the toughest time for appreciation of the stock price.
https://seekingalpha.com/instablog/503905-marco-g/90819-junior-miners-in-the-sweet-spot
(Thank you Google! I didn't think I would be able to locate an example of this).
Any 100 million share miner that can churn out 800,000 oz per year at 25% IRR for twenty years, or whatever variant of that Tower Hill's production profile turns out to be, is not going to stay at six dollars, but over the next yet-to-be-defined period of time I'd bet everyone reading this post plus the author is going to feel tempted to sell and, if so inclined, rebuy, as they watch other gold stocks that they follow outperform Tower Hill on a percentage and absolute price basis (as we've done during 2010) during a gold boom that won't last forever .
Fortunately for me I'm a bad trader, so I tend to hang on longer than most as a counterweight to that, and this is one to hang on to.
I think the real near term appreciation will come from the part of the company that was spun off (and which I sold too soon it seems), because it apparently has good prospects and operates in a steep part of the stock price appreciation curve