RE:RE:Elephant!I'll guess that the events this news release details have been in the works for a long time and many shares have been bought by speculators guessing that there was a win in buying below 10 and selling when the news is out. The stock has been moving up for months, on good volume, so lots of profit taking today.
Those buying today are getting a super cheap option on copper. The current market cap represents, what, a tenth of a cent per pound of copper in situ, and these assets trade at about 1 cent per pound with the level of confidence that all the historical work represents. So, this is a ten bagger once the legal dispute is resolved. And after that, these deposits are bought by bigger fish at several times that level. A huge Peruvian deposit, that looks to have metallurgical issues, a high royalty, and social license issues, was just bought for about 5 cents a pound. ST appears not to have any issues to hinder development or cause raise development or production costs.
So, ya, a double from here would be reasonable as the news filters out.