SetupYou could tell a drop in gold price was coming as there was a lot of insider selling at the majors over the last few weeks Barrack etc. Don't know how they knew but they did.
This will change the upcoming PEA. Probably drop it from $1,300 to $1,250 us dollars. Could put some pressure to add more ounces to the projection in order to get the NAV to over a dollar.
Gold price has dropped 8 percent from its yearly high and if it holds or goes up a little bit, the SP should bounce back after the panic selling is over.