Thankyou @fincmifr ... I agree one of the best managements with real experts like J Hronsky on the BOD, so that is definitely a huge plus. Though wasn't management and the BOD pretty much the same early last year when the Mcap was around $50M?
This was of course before the size and extent of Luni next door was realised, but it was also after discovery of Luni.
I would suggest it is highly likely that without a major NEW find, the SP will continue to drift back to this type of level in the next 6-12 months. The current finds will add some underlying value as a possible sale to someone else (assuming just more of the same and nothing major).
All your points were just as relevant 18 months ago, when the Mcap was a quarter of the current one, so I can only assume it's the Niobium boosting the price since then.
BTW, a $50M Mcap is a large premium to most other junior explorers without any resource.
Something caused a huge sell off after the open this morning and IMHO it's because of the Mcap being too high for what the company actually has, with a lot of hype and hope going out of Crean, Green and possibly Joyce.
Do you have any other explanation?
ENR Price at posting:
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