RE:Sam on the move - any news?It seems highly likely to me that it is strictly the gold price. Every $100 on the gold price adds about $2 million in profits. Also, considering the weak Canadian dollar, the current gold price if probably equivalent to over $1500 a few years back.
the share price has almost doubled, but profits have more than doubled if things stay this way.
There should be lots of room to move up if this isn't another fake out. I know the rollback brought mixed emotions, but the float is much smaller now and getting air under the share price might be easier if things continue. However, I remain cautious, as disappointment has been the norm.