this does not smell right, page-9

So many small cap miners are undervalued today and am not convinced it is largely due to manipulation.

Also need to be serious about impact of the PFS Hal. If every gold miner was valued on that basis, the SPs would be incredible. Where's the capex, interest and mining costs in this formula let alone hazards along the way.

Nevertheless, it is puzzling SP has retraced with PFS due next couple of days but that's the market for you. Hope the PFS is accompanied with the sort of media exposure these guys have managed recently as should be a big wake up for the market.

One or two more sleeps Indochinos!