They (most investors!) aren't. The fact that Nor-tel SP is rising this AM after reporting a $138MM (less than expected!) loss has to qualify as "exhibit-A!"
Not many years ago analysts whipped this "dead horse" from $124.00 down to under a buck in about the same time it's taken SAN to "discover" another million ozs of gold! (less than 12 mos!)!
At its height, NT's trading volume exceeded 28% of the total volume on the TSX, a time when it's profit was "one penny" a share.
Tids, re a potential rise in SAN SP with 3MMozs reported in the revised 43101, it won't surprisae me to see an $8.00 bump on that news alone, combine that with drill results and it could go higher!!
RUF