Take your pick:
An engineered run-up in anticipation of some transaction. Possible, but ... I doubt it.
General post-QE2 announcement market discovery of the existence of ETG, and a bit of $$$ drifting into a quality small cap explorer (!) with the security blanket of significant potentially saleable resources in the JV along with a camp exploration play. Leverage to copper and gold. Rational market interest.
Something might be up in camp - we are waiting on 12 holes on the 100% western trend, we are waiting on the Zeus survey results from the Hugo North Extension, and there was talk of IVN drilling for the Heruga offset on the JV, as well as at Hugo North Extension.
The cores they pulled out of Hugo North JV in the past had visible bornite, chalcopyrite (sp?) ...
If this activity is based on some physical results then we should get a NR - this seems to be one element of the modern drilling world with cell phones and the internet - exploration camps leak info. I'm not saying it is happening at OT, just in the past 20 years there are fewer and fewer big drill holes pulled without the market showing a tremor first. Dare to dream.
CG