CRK has also shrugged it off. They have risen. Interesting to see the shares rise as gold bottoms! Perverse. But really, investors are confident of the undervaluation of these and other gold juniors. They have a lot of catching up to do. Gold is still around the $850 mark and might hang around there for a while. Curiously the correction in gold is a sign of market confidence. The large gold miners will tend to rise and fall with the gold price, in my opinion, because they are already fully valued, whereas a number of juniors which have been building up their resources and reserves, have been hammered in the general panic. They too will now be properly assessed and reach their proper valuation. It's time to do some homework to see which ones are significantly undervalued. It's likely when the gold majors report their profits in the next few weeks that the gold sector as a whole will come under scrutiny. There are one or two juniors ripe for takeover.
