It would appear that my post has been taken out of context. In...

It would appear that my post has been taken out of context.
In short what I meant was that the daily movements in the price of gold will not encourage individuals to buy ERM or any other explorer whilst they are in the exploration stage.
As I believe I said, the price of gold will become an important factor for potential investors when and only when they have a sizeable deposit in the ground.
Therefore to summarise the price of gold is important once drilling results are in and have been considered compliant, then a valuation can be put on a company, I totally agree with that and never said otherwise.
Whilst we continue to be in the formative stages then no I do not believe that the price of gold will encourage investors to buy, what they are looking for is good quality drilling results.
I honestly think my statement is backed up by the price of gold now and the price of ERM.
Hope that clears up my point of view, like everyone else here I am no expert and do not pretend to be, just stating my opinion.