Why is this stock up?
I do realize that a lot of 3 cent juniors have gone up since Dec...not all have sustained their run...
...many had news that goosed their shares but mostly the share prices went up cuz after blowout in last years tax loss selling the only direction was up...and of course the Price of Gold helped quite a bit...
Now the Gold Price is not helpful but worrisome...but this stock holds up where many others have not... WHY???
No activity for a longtime (as in exploration activity)...when they were drilling the assays were always good...very, very good...and management was probably smart to stop drilling to save money as I think they know what is there...a high grade body in a far north jurisdiction...
Agnico is learning how to make money with their mine up there and acquiring Arctic expertise...
Again Why is this stock holding up...my guess is that Agnico is kicking the tires...and a joint venture
with a second tier major a la Agnico or Kinross would ,IMO, move the share price up substantially..
In closing,something appears to be up...don't know what except it certainly aint the emerald play...So my take is that they are in talks re: joint ventures...with the gold price spiralling down and this stock not doing so leads me to this GUESS....