Ann: Annual Report to shareholders, page-14

if the drill bit says the gold is there, then a re-rate may come from changing management and bring in expertise for revised mining plans.

But any way you cut it, 874koz at 2.4g/t and 20m mc is priced from sentiment, emotion, not what will occur as the gold bulls look for anything and everything in a rising gold market.

I'm betting on gold rising, becoming the next sector wave to lift. A rising tide, lifts all boats.
So as disappointed that people may be with past performance on operations at red october, that is in tune with the sentiment of the price discount. And when all those who sell on that basis have left, they can no longer influence the sp, except in the graveyards of chat forums. Come the rising tide of a gold bull market, and the metrics start to look cup half full, and re-rate occurs. Position out of cycle, when the stock is oversold.