RE:terrane metals, Mt. MilliganTo some degree t he price of ESM is still handicapped by what happened in Brazil when the company was called Carpathian Gold.
The stigma sticks (for a while at least) until new management proves themselves.
also, there has not been any significant news of late, and that generally depresses the price of a junior in the short term.
This isnt abnormal. Chances are good that if the Rovina asset was put for sale, we would likely get at least 600M for it.
There may be a bit of a stigma with the fact we are in Romania as well as the approval process isnt straight forward like it would be if we were in the US or Canada.
so the added layer(s) of burocracy likely adds some risk to the situation.
Either way, we are fine. the price may not move significantly until we have some news, but that's okay. We will be fine.