RE:That's it?I highly doubt this was already priced in. What was priced in was the uncertainty of whether management would ever declare commercial production for Caribou, based on whether recoveries (primarily zinc) would ever approach design levels. They have now passed through the threshold to declare CP (i.e. 70% of mill throughput and targeted recoveries) and both will continue to increase. The project has been fully derisked, and now it's on to continuing improvements at Caribou and getting PEAs done on the other projects in New Brunswick (expected by year-end) to shore up an even higher valuation for the company.
Keep in mind that this was not unexpected, but given that zinc and other metals fell back a bit today, that there is some uncertainty surrounding Friday's payroll numbers, and that most if not all resource stocks took a pounding today, TV actually faired quite well. In other words, just wait till the dust clears on these other things and TV will be over 70c in no time.