RE: RE: RE: To be..or not to be.... booyaaca,
i think you are overreacting. The SP is not that bad as you suggest. Currently we have an in situ valuation with 135M shares @1,17 and with 5M Oz AuEq gives 31,6 C$/Oz AuEq. This is far away from any valuation of a worthless project.
"But the SP was standing much higher already." Sure, but how much fantasy was in this price? 10M Oz Au? We had a mining hype and in such hypes fantasy & hope can turn into "facts", reflected in SPs.
Additionally i would suggest to look at the usual life-cycle of explorers turning into developers and producers. Once the exploration fantasy is reduced and things are derisked, many specualtors are leaving. This usually leads to an interim bottom before the explorer is turning into a mine developer and the SP begins to rise again and reflect the new circumstances.