Taking that assumption further, it means we are being priced as a producer (which we aren't quite yet).
I thought though we were mainly a speccy that is yet to be valued properly and when it is it will be on the gold ounces it can produce and how fast. The driver for price should then be announcements to this end more than any moderate shifts in the current gold price???
My take is that its taking too long for news to flow and impatient peeps have moved on.
OGX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held