The SP reflects the delayed DFS, IMHO, i think ppl in the know and even ppl not in the know saw that coming.
I agree, a resource upgrade wont do much for the SP, MGO is way past that stage. They are no longer an explorer, they are in the development stage and soon will be a producer. As such only "developmental" milestones will push the SP up, that being the DFS and the Mining Permit.
I am just going to accumulate more the longer the SP remains depressed.
Cheers
MGO Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held