Ann: Quarterly Activities Report and Appendix 5B, page-59

"if it looks like a dog and walks like a dog, it's a dog! "

I guess then that this has been a dog multiple times and then changed its stripes multiple times. Three times a dog since I've been in and three times a stellar performer just after everyone seemed to be giving up on it and selling into the lows. One thing is clear, the corrections are long and shallower than the rallies. The rallies are faster and harder.
The first rally saw the sp triple in just over one month. It would have been easy to get left behind with such a fast move. Then it corrected for 4 months but with a higher low at the end. Then it quadrupled over four months followed by a 12 month correction, also with a higher low. Then the sp did a bet better than 100% move again in around four months (against a falling market that time) followed by a 7 month correction. Yes, I'm optimistic because nothing has changed fundamentally and the only thing history tells us is to be optimistic when the majority have turned very pessimistic. I don't turn pessimistic just because others turn pessimistic from a falling sp, even if they can offer their reasons for the decline in the sp. Do those reasons fundamentally change the value? IMO, definitely not. Once the funding is locked in, construction begins and the sp rallies hard, no one will be looking at past delays anymore. They will be looking at the reasons for the rallying sp and buying to give us the next 100% - 500% rally which IMO will inevitably follow this latest correction.
The company is now closer to fully funded and permitted than it has ever been and dilution has been kept relatively low over the last few years considering it is developing a mining project, paid for much of the plant and delivered it to site and commenced site works.