Well interpreted and said V.
"I am talking about perception." It over shadows reality these days.

As for investing now or later, I say more so now than in the past ( easy with hind sight) and the future. I say that based on there being little left towards the down side. If one's average is high, I mean over a buck, than averaging down is obvious. Once the bottom feeders are done it will be too late. They will be done on news that will move the sp.
Better to join the bottom feeders while the opportunity is still present.
( I said similar when the sp went below a $ and again 50 cents.)

As for that Elephant, it likely exists except that it's body is deeper than we all hoped. Once we dig up most of the presently known ore and are a kilometer deep it will likely be practical to drill deeper from there to follow the vein. It is open with depth.