Response from Corporate to emailLast week I sent an email to corporate and just got a reply from Shirly Zhou, the VP of corp. communications. I inquired about a revised PEA being published and drilling activity. Here is her reply:
"
Thank you for writing in and we always appreciate hearing from our shareholders. To answer your question regarding the PEA, we will not be doing another version of the document as we are working on putting out a full pre-feasibility study by the end of the year that will fully set out how we plan to operate a mine at the Money Knob deposit. Drilling continues 24/7 at the deposit and will absolutely be released over the following weeks and months so that should continue to keep interest levels high.
Given that we have seen an increase in trading volume as well as institutional ownership in the stock climbing to almost 40% over the past 3-6 months, there is definitely profound interest in the story. However, on a macro scale, there is still a lot of uncertainty in the market and continued risk aversion as we go into the summer time. Buying of the physical metal (a market which is very small) as protection is driving the price up significantly and we are not seeing as much on the equity side. Simply take a look at most other gold exploration/development stories (eg. Novagold, Detour Gold) in the market and you will see that we are by far the only one to not enjoy the same upward momentum of the gold price.
I hope this helps.
Best wishes, "
So, the bottom line is - we wait. For drill results, and for the feasibility study in the fall. We can only hope drill results come out soon and come out good, to stem the tide of this ridiculous slide.