RE:why did this tankcueball40, it tanked for the same reason that it tanked EVERY single time it released assays - even some of the best assays like 4 g/t + over long lengths. People buy it up in anticipation of assays, and given the horrible market sentiment, simply sell when they get released for profit taking / etc..., and don't care much about the longer term investment view. The junior space is very fragile, with sentiment completely down the toilet - good time to be accumulating.
In the best of times, when Snowline released their first discovery assays, the stock didn't budge for a few days before it finally caught on.