RE:RE:RE:RE:RE:33% rise on no news ?At this point miners are dramatically undervalued with gold at $2,500. The seniors are dramatically undervalued relative to gold prices as compared to 2011 and the junior miners and explorers even more dramatically so.
Back in 2011 xali then candente reaced over $1.00. xali has since developed a plan to generate revenue to advance el oro so in many ways they are in much better shape than they were then.
What is going on in this market is not company specific but rather a market wide abandonment of the PM mining sector. The gold and silver space in general is loathed as it represents a direct competitor to the failing fiat currencies.
What's coming is inevitable and will result in a dramatic revaluation of this entire sector. Beginning with the seniors and moving down the food chain.
Once explorers begin to prove up resources they are revalued higher. xali will get a real boost as gold moves higher and they begin to release hopefully good drill numbers.
At this point I want no more joint ventures as we've waited a long time but just drilling. Generate real data and then then look at a jv or outright purchase by a senior.
Mine development is very risky. A ton of pitfalls. Xali is not a miner but just an explorer. Prove it up then get bought out.