It is questionable whether further exploration success will have any effect on the share price.

You might be correct Silver. Most people can do the math and it is pretty obvious that this is a 10 million plus deposit. Drilling is only confirming what we already suspect. I believe the issue is grade. The hinge was bulk sampled at well over 15 grams per ton yet when all the dust settles most of the HG discoveries seem to average out at less than 12gpt. Even the Hinge is now starting to mine at around 11gpt. There is a big difference between what they will produce annually with the upgraded1800tpd mill using 1/3 ounce vs. 1/2 ounce per ton. Dilution,nugget effect or hoarding, what ever the reason until they start mining some higher grade material our SP will grow only with the POG and the increase in production. After reading past NRs I have come to the conclusion that after the bulk sample on the #1 lens they moved on to developement of other lenses so the highest grade material appears to be untouched or mined at one level at most. Perhaps they were staying away from proven reserves in order to increase the 43-101 in the short term (possibly for the move to the TSX.) I do not know,

The high grade nature of the hinge zones were validated as the stope mining grade reconciled to the mill at 21.7 g/tonne (0.63 oz/ton) with the main #1 lens stope contributing 26.3 g/tonne (0.77 oz/ton). Low total operating costs (mine and mill) of Cdn
$184 ($US 158) per ounce were realized as well as high mill recoveries of 96%.

When the Q2 numbers from the Hinge were less than 6gpt IMHO we were set up for this decline in SP. Granted this number came from highly diluted developement ore, however as we know most fund managers do not follow the daily chatter as closely as we do. Many of them are still unaware we are now on the TSX as demonstrated on BNN recently lol. I feel fairly safe with this company, however due to boredom I am now attempting to use some of the trading skills acquired by reading the board. Wish me luck.