RE:Probe Gold feels stuck in quicksand Yup , I agree ... at least volumes are low doesn't take much to swing PRB plus / minus 20 cents. A lot of other factors ... time length to get to a producing mine, equipment, capital, approvals, etc.
It's unfortunate, but miners are always somewhat risky. Some are doing well ( Eldorado ) and simply put some aren't . I was looking at Victoria Gold Corp. fly on fly out low grades, expensive fuel and power costs. Finally it's around 6 bucks. It was 20 bucks at one point. People get off the roller coaster at the top if there lucky. All Dave can do is de-risk ( hopefully with minimal dilution ) . Getting more ounces ? Price ? It's all helpful just no interest in gold at the moment.
if you have a large position you simply wait. Revsion after looking at finished fuel pricing we probably need 2600 plus to get interest ... decent grades but expensive to get there.
my 3 cents ! GLTA