RE:RE:New year, new discoveryATAC has been around for 20 years, they are one of the more established names in the junior sphere and have proven their bona fides in the past (how many current juniors can boast reaching a $10 USD share price at any point in their existence?). They have good management who are cognizant of the perils of blowing out their share structure at sub-optimal points when their share price is in the dumps.
The red tape delays pertaining to the tote road to Rackla definitely took most of the wind out of the sails, hence the lowest price for ATAC we've ever seen. Many who left don't have the patience or appreciate that ATAC is a LONG term play. Rackla isn't their only pony in the race, but their projects are at the grass roots / early stage of the development curve. You gotta have patience with these type of plays.
All this being said, I do believe that $ signs always grease the skids to help push through projects. The FN's are likely wary about the long term development of Rackla and aren't very vested at this point. Give me a $3k or higher gold environment and watch how much easier it will be to get projects moving along in the Yukon. That time will happen, in the meantime put in some stink bids on ATAC and sit on your lottery tickets: we know they're winners, we just don't know at what time frame we will be able to cash them in.
Worst case scenario would be that Rackla is moth-balled indefinitely and then ATAC would likely focus on Connaught and Pil, putting us back to square one, which would more justify the current share price. Based on the current share price we are receiving zero value for Rackla, which absolutely makes zero sense to me.