why down 10% after Initial Inferred Resource?So Chakana is down 10% after releasing its Initial Inferred Resource. I did a rough calculation and, at today's prices, the market value of the ore body is (in USD) about $100m from the open pit and almost $400m from the underground mine, for the gold about $150m open pit and $200m underground, silver $50m and $200m respectively. So over $1billion in revenue.
So is the market is selling the good news? or does the "smart money" figure that this is not enough to justify the CAPEX and the wait....