Scared Rabbits hitting the sell without checking out the details.
Del and Mike are not searching for a highgrade vein that may peter out in a short distance. They are building large tonage of mineable ore that will feed a mill for years.
PEM will continue the present trend, ( up, down, and sideways ) until they hit bonanza grades, or until they prove enough tonage to warrant spending the money to mine what is there.
In the meantime, daytraders will have a ball with PEM.
GE