RE:What's up..I too have been scratching my head wondering why the price is still at these levels. I have made a small list as to the pros and cons so far.
PROs:
Potential major deposits in one of the safest jurisdictions in the world.
Major partners in the company.
Experienced people with large personal investments running the company.
Money in the bank.
Recent write ups by major journals and investment firms.
CONS:
Large float (but only about 60 per cent public)
Price of gold (but steadily rising)
Waterton
Recent discoveries by other juniors, thus attraction attention.
These are just a few, and I am sure I have left out reasons on both sides. The important thing here is that we do make a confirmed major discovery or discoveries that will attract some offers by some majors. Might take time, but I feel we are getting there. GLTA.