The price is due to the D bag Ceo talking about aquisition That means a blizzard of dilution as they would have to use shares rather than cash to make the aquiistion. This is unbelievable as they are trading at a fraction of NAV and what will be 50% plus free cashflow yield once phase 2 is up and running. Remember when he announced the financing for the mine the shares were trading in the $1.30 range. The mine was low cost easy to build shallow scoop and plunk quarry operation with as basic processing as you can get, yet the ceo blew it by the bilizzard of dillution he used to finance the mine. Now gold is aproaching 2300 bucks and the share price sits in the mid seventy-eighty cent range. And all he can talk about is making an aquision which will destroy shsareholder value again. THAT IS WHY THE SHARE PRICE IS WHERE IT IS!!!!