Could sit like this for years I was involved with another play a few years ago called First Nickel near Sudbury. Trading around 1.20 in 08 and mine went on Care and Maintenance until nickel prices improved. Investors also were hoping for a takeover. Today .07 where it has been for many years.
Does this sound familiar. Quote from First Nickel site. June 2012
"The Lockerby Mine continues to progress on schedule toward full production later this year. I believe that this Optimization Study, together with our experience to date, confirms Lockerby to be a high grade, low cost operation. Looking forward, we expect to have results from surface drilling of the Link Zone later this summer and plan to begin a larger underground exploration program in 2013 with the objective of extending mine life."
I'm just saying it could be a long wait.
Papineau