The current share price malaise has nothing to do - at all - with the specifics of what the company is doing, even where it's at in its evolution.
The reality is (I'd suggest):
1. Even RH and co. I reckon are very pleasantly 'surprised' by the early and widespread technical success of the drilling program, notwithstanding no assays as yet; 2. There are always a few sellers forced into selling holdings in such times - liquidity crunches, margin calls etc but the reality is the selling has been very thin; 3. Buyers can afford to sit on the sidelines knowing you might buy it cheaper tomorrow (zero FOMO right now); and 4. If the assays come in, or further drilling confirms the IOCG mineralization/model, the stock will go into orbit irrespective of global indices, VIX and the like;
The broader market malaise simply presents a unique buying opportunity - for those new to the party or those eager to hold more!
ICG Price at posting:
8.5¢ Sentiment: None Disclosure: Held
