Possibly a little over-reaction? I have only taken a position recently and like others it is never good news to see a stock lose a chunk of its value after releasing what was hoped was to be good news. There still is a market mindset however that unless the news is stellar to sell on news.
I take away from today's release that the PEA is due in Q3 and that may be more telling as to the potential here. More infill drilling will move lbs from inferred to indicated over time. It is a large area and I believe the value will eventually prove itself.
Sitting here deciding whether to buy more as others are looking for the exit. I see value but not sure how long it will take to realize its worth. The PEA is the next logical step and I look forward to seeing it.
The price of gold being down 2% today of course did not help matters!