old pirate stage 1 scoping study results, page-59

This might help you asr14 (see chart below).

This is quite a rough guide, all miners will behave differently and no doubt markets will have a large influence.
For ABU exploration success or otherwise will also play a large part in determining how quickly we might rally.
I would think we are in that 2nd circle after dropping from 8c on the good exploration results of last year and falling to 4c through the off season while waiting for the jorc and scoping study results.
We now should be able to go through the development cycle of FS and development.
Being a very small scale plant and simple processing, we should get through the process much faster than any major project.
I also think the exploration season will give us a major boost and I would think this gold market sector slaughter can't keep going at this rate too much longer.
There is too much value across most gold stocks now.
I showed a chart of NCM recently which shows this sell-off is almost the same as the sell-off that occurred during the GFC. What amazes me is this has come at a time when the AUD gold price has been flat since January (although it did correct before January).
I think a lot of the sell-off had to do with many gold stocks having overshot to the upside without allowing for a potential correction in gold.
Now they look like they are overshooting on the downside.