RE: Are you Guys on Drugs?
I agree with you it is not a done deal, potentially you could be looking at deliberations on the project at the end of October this year (election is in the last week of october) and potentially a few weeks/months of discussions. A lot depends on who wins etc, so there is clearly no slam dunk here.
However, even though it might head lower (Coro) you would have to think after finally getting environmental approval from a government body after three years, ratification is more than likely and Coro is a good risk/reward at these levels.
That being said a slow move to the 60s is likely by august.
Dead money until the election.