it all depends on drill news and gold price
people who were saying sps on explorer/developers woudlnt go lower last june were wishign theyd saved their peanuts by october
reality is stock is up on a combination of strong exploration expectation + optimism on gold price upside
if either of those fall away the sp will fall well below 38c regardkless of intrisic value of the currently established business case
thats just the way it works
but then if gold sentiment stays reaosnably optimistic and big drill result shit - its off to the races and 38c will be a rearview mirror pipedream
Ann: Discoveries Boost Kin Towards Production - RIU Presentation, page-80
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