Well said bigpic.

Edgy I can appreciate your focus on the fundamentals, however it is important to remember that ECU was at $3.50 when gold/silver were much lower and the size of their resource base was a fraction of what it is now. Fundamentals alone should dictate a much higher share price today?

If the market capitalization of most juniors were based strictly on fundamentals they would be much higher than than current depressed price levels. The producers are currently awarded a premium, however I fully expect the premium to shift back to explorers with large deposits once gold and silver make a sustained move higher. The end game is all about the size of your resource since majors will likely only seek juniors that can substantially add to their resource base.

Most of us are invested in ECU because of the fundamentals, however discounting important tools like natural cycles, fractals, technicals, timing, sentiment, political and marco issues is akin to a pilot only focusing on the air speed while ignoring every other instrument on his flight panel.