Rational,
I did much the same..... I fully expected a pullback like this (cup and handle as Slug said)..... am now reloading as well. I think this could go back to $1.70....
Although we have had the exciting drill reports in June, it will still take some time for all of this to translate into production and sales that show up in financial statements. As such, the initial buzz that surrounded the drill results becomes old news after awhile and now we are into summer. I expect we will flatten out soon and then it could be awhile before we start to make headway north again. By fall and winter we will for sure and then it will be based on more than we have today....maybe even an actual 43-101.
JMHO.
NorthLion