you're assuming there is a problem with it because the price didn't go up? Is this Endless saying he believes in a fair and rational market :O
No I'd say the most logical explanation is that the price of the stock was balanced on a higher Cu grade. Unfortunately most people buying juniors don't realise that an intercept from a drill core coming back at 3.5% won't mean the deposit is graded anywhere near that.
To mine plan around grade, rather than tonnes and accessibility would drastically reduce the resource size and economics, thus you always aim the mine plan at logical entry points with trying to maximise returns (not overall NPV, but IRR instead).
So I'd say the fact the deposit came back at 1.48% CuEq compared to the last 2 announcements of multiple intercepts of 3-3.5% CuEq has dissapointed some punters who don't really understand how mining works.
