All three of the major mining companies are at 52 week lows. Barrick, Newmont and Goldcorp.
So all of the JPM's are at lows....including SFMI.
This doesn't mean the three majors aren't looking to cobble up JPM's when the JPM's show huge drilling results and an environment is condusive to what they are looking for.
I strongly think PQ realizes this case scenario....
It takes time and capital to meet the goal.
Trust me....watching the stock below .03 doesn't sit well with me especially when we have a huge value above the mountain ( 800,000 tons ) and even greater value below the mountain ( 19.3 million tons of ore ).