I don't think the price got too inflated at all at its 18.5 cents high, it was supressed by ex escrow stock - the same stock that pushed the price down on low volumes before the announcement today . The company has JORC gold resource in the same host rocks 2 km away so don't be tricked out of holding this cheap stock imo .
Sure, like most gold stocks, it has to drill and spend cash before production but they have good cash backing and ample other projects on the go as well - all for approx $10 million marcap . If it gets cheaper I reckon it is worth accumulating . The ex escrow dumping won't last forever and is the reason it has been hard for it to sustain the run today . We haven't seen the top here, imo .
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