RE:Dear sellersIMO the price of gold had less to do with the share price of ME when it last reached $0.36 than the need to go to the market with another PP to finance the company.
Certainly a rise in the POG will help all gold mining companies but ME still has to prove itself to be a viable minable asset at a given price point which they have not yet established.
What is a given is that it won't be long before another PP will be needed to carry on business.
I do have reasonable expectations for ME to rise from current levels back into the .30 to .45 range in order to set up the next PP, or possibly finally to be taken over. Regardless I see the current price as favourable for a decent return in under a 6 month horizon. All IMHO of course.