ann: quarterly activities report out, page-45

Might all be interesting to you Vendor, but if the market is always right, how do you explain the massive price drops in so many juniors recently when most have seen little more than a change in sentiment.
Was the market right when some of these explorers were 8-10 times their current prices a year and a half ago, or is the market right now? I can be pretty sure it was very wrong either then or now. They didn't all suddenly have that drastic a change of fundamentals.
This is pure logic, not psychology.

Assume the market is right about ABU now at 4c. It had the same price at various times over the last few years.
Since then, the gold price has risen each year, OP resource has made jorc standard and is now much better understood and defined, a scoping study has shown excellent returns are achievable, metallurgical test results have improved substantially, GH has been added to the resource and looks likely to add value equivalent to more than a third of the current mc, Western Limb extensions have clearly added considerable ounces, the company is moving towards production. The list goes on.
So if after all this, the market is right now, then surely the market must have been very wrong pricing ABU near 8c twice in the last 3 years before all this value was added? If the market was able to be very wrong at 8c, then why can't it be wrong now?
I really get tired of hearing we should believe the market is always right. It is wrong often enough. That has to be clear enough to anyone that looks at the wild swings over short periods of time that can't be explained by news.