RE:Share priceYou are right about pre-production resource companies. In normal times the ones that make it have three things: 1. Great resource in terms of size and grade, 2. highly favorable location in terms of infrastructure and jurisdiction, 3. ready access to capital. These days majors seem to want to add to production by buying bolt on pieces that are already in early production, avoiding adding years of non-productive assets to their bslance sheets. That plus low commodity prices make small pre-production resource companies an even more challenging space.