tonga, that's how it works with specs. Spike on the find, pull...

tonga, that's how it works with specs. Spike on the find, pull back, spike some more with additional exploration confirming potential viability and size then it's the long grind to finance and production. It would be very rare not to see significant pullbacks in specs moving to that phase as speculators don't want to hold for the couple of years or more that often takes - they make their money from the unknown not the known. SBR will go through that too but still has blue sky spikes ahead to take advantage of.

Following is a classic general chart of the life cycle of spec stocks that make it. SBR will follow this path, it's at the early stage of the first mountain.