Ann: Apollo Hill Gold Resource Upgraded to 1.47Moz, page-29

I think the grade profile hurts the project from a retail buying perspective and less so from a technical perspective.

With the stock at 45% institutional ownership many of the big funds have already placed their bets on STN. if we are to move higher I think it will need retail to step up to the plate.

Does the average retail investor buy into a 1.5m ounce deposit with a low grade profile? Or are they more likely to chase something higher grade but may technically make less sense? My experience tells me the latter.

Not sure where this leaves STN. It is highly leveraged to a high gold price. While gold continues to meander so does STN