SPWe won't stay in the 30's for long especially with a resource estimate scheduled to come out after our last batch of results are released from the GP zone. Our SP will definitely be building in anticipation of a resource estimate especially with a dirt cheap market cap like ours. In the past 12 trading sessions we've managed to shave $8.5 million off our already cheap market cap of 22$ million at the time and Stack is completely right that we can't see an up day when we've got Desjardins dumping half the volume of the day into the bid.
I managed to pick up some more shares today and will continue holding as the intervals and grades we're showing are confirming the potential for a large low grade deposit with multiple targets as well as separate areas of high grade showings. The reason pressure on the SP is simply warrants being exercised and a last attempt to shake the tree. We've been down the past 5 trading sessions and the last time that occurred was in November which presented a huge buying opportunity before our last run-up. That was also before we knew Rob Mcewen held over 10% of shares.
I think this is a no brain under a $20 million market cap and drill results and a resource estimate should propel us much higher once we can get a concrete valuation on the project. We've shown depths of 800 metres already with high as well as low grade sections and our gold starts from surface but the shaking will continue as long as people continue to let go of shares in the bid. There's companies in worse drilling areas like Sidon in Tanzania that have yet to even report a drill result from their properties that are now pushing ahead of our market cap which is confusing to say the least at our current market cap of close to $15 M. I truly think this is the bottom and tomorrow should be green as we've consolidated quite nicely given our share structure and other golds have already seen their bottoms hit with 20-25% corrections from highs whereas we've seen over a 35% correction since our most encouraging news release to date.