RE:Irrational market
Actually you are bashing.
And you're completely wrong about WHN's $84MM mc being too high. If anything, it's on the low end of what other companies have seen their share prices do on similar or poorer results. In the bear market and post-bear market cycle that started in 2011 until today, excellent high-grade drill results get rewarded. Companies like Orca or Orvana may have been able to prove up a larger resource, but companyy management hasn't delivered the type of news to drive those companies' shares higher. Buyers dry-up and share prices languish. That will change if either the cycle changes back to a bull market like 2001-2010 or they release news that catches the market's attention.
Aside from excellent grade, the other types of plays in this cycle that have been getting rewarded are garbage promos like GGI, NVO and MTS because they have people like Sprott and a large network of brokers pumping their shares.
Also, high-grade results like WHN's and GBR's get a market premium because of the potential to quickly add ounces. You do realize Ventana Gold and Aurelian Resources were 50 baggers in less than 24 months, and 100 baggers plus after being quickly acquired? Diamond Fields' Voisey Bay went from a penny stock to a pre-split $174 when acquired by Inco with TWO YEARS worth of drill results.
Not saying WHN is Diamond Fields or even Ventana, but given what high grade has been rewarded this cycle. WHN is undervalued. Example, Bear Creek with a nearly $150MM market cap with one really good hole.