current situation

As far as i am aware ERN currently has one drill running on its Erongo properties. The structures are HUGE and the drill is biting thru granite so about a thousand meters out of ten is done at the moment (on the current program). There are no results to report until early next month. There is no way the market could be punting on poor results as the stuff has not yet been assayed!!! ERN is looking around for a second drill but they are very hard to find because of boom conditions and heavy demand.

IMHO current selling has become "lemming like" in nature and probably led by profit takers in the new year and folks who needed to cash out quickly. IMHO ERN is a buy at these levels.