All other things equal, this stock would not only be building a base but would be trading at a higher level to begin with. The short term problem, and lets hope it does not become a much longer term problem, is that large amounts of capital are in the process of being withdrawn from many of the Canadian spec juniors. Forcing the Canadian dollar higher and interest rates higher , in the face of virtually no inflation ex urban condos , is the sign to a lot of larger investors to do selective liquidation. So that you don't screem "basher" , all I would say about NOT is I expect an extended "buying void". If the Ottawa vision is for a "new Switzerland" of strong currency and no inflation, that will also be a Canada of little manufacturing and even less mining. The PM's are much less affected because PM prices are pretty much open at the top end , so the sizzle remains and may potentially increase.

Do you remember when the US fed tried 2005 to attack oil price inflation thru higher rates ? It did not work but precipitated the beginning of a very disruptive period which is just now beginning to stabilize. Once the majors begin to vote with their feet and money to exit a higher cost lower margin Canada, most junior sizzle will get heavily rediscounted.