RE: why is s/p going down? 1) POG has gotten hammered this year and Gold Stocks are out of favor - everyone is dumping them.
2) This is a Forbes & Manhattan company (Stan Bharti) - so it will continue to dilute shareholders like crazy.
3) Once they get done drilling off the resources, SUE would need to raise $100MM+ in cash to build a mine here. [Dilution]
4) Social/political issues recently in Peru haven't been freindly to mining, so investors perceive a higher risk here.
5) With low grades, unless they can bulk tonnage mine here, they will need 2000 POG to turn a nice profit. Maybe if they can get LARGE economy of scale 1500 POG will work, but they need more drilling to get there.