Curious to see if the retail crowd would be buying ahead of the NI 43-101 being released. Shouldn't that be the standard that institutions and funds are awaiting before they begin to look at buying ISM shares?
Also with respect to any Majors sniffing around, don't you think that any decent major would be looking at each and every drill resput of any potential target well ahead of an official NI 43-101 being released? IMHO these are more for the institutions in post Bre-x times sake as a certificate of goods so to speak. The majors are likely forming their own conclusions ahead of time with each and every releases of drill results etc.
So getting back to SP, I would think that even the funds and institutions would buy well ahead of the pack and before MoMo sets in. The again in our funny times, will the general market take notice? It's all going to depend on what the folks at Micon produce for ISM.
I don't think the days of buying at that new year low are happening again anytime soon. Low prices means leverage.