RE: if our targetEasy. People are just plain stupid. Great Panther Silver (GPR), although a marginal producer, has a resource base equivalent to about 40 million ounces of silver, and with that a market cap of nearly $300 million. SBB has about 600 million ounces of silver and silver equivalent, and a market cap of about $700 million. So with 15 times more resource that GPR (and fairly rich grades at that), SBB's market cap is only about 2.3x that of GPR. If SBBs market cap, based on resources, was just half that of GPR, the stock would be at about $16 per share. Yet, SBB is going to find much more, while GPR is struggling to find more. So, probably, a reasonable value to SBB right now would be $25 per share.
But few go by such numbers. Most look to see what others do, and copy them or bet against them. That is as far as their investing ability goes. They believe in the herd. It is their master. When the herd runs for the exits, they run too. When the herd piles on, they pile on to. One day the herd will (may?) pile onto SBB, who knows. Whatever the case, SBB is undervalued compared to its peers in the industry.