|Ms Market seems to like the drilling, which is one of the things that was going on back then ... along with a fair bit of association with Anglo, who had been doing very well with their oxide zinc at Skorpion ... it wasn't for economic reasons they dumped that project, it was some kind of 'new direction' crapola from upper management, the way i heard it, and the people with whom Merlin had been talking were surprised and disappointed|
Nothing wrong with oxide ... but if the market likes the sound of sulphides, so be it, let's drill up a passel of that, big district out there, and it's good to do something useful while we're waiting for silver to move
That was a 5.71 all-time high, right? ... and it had come from around .50 in nov-dec [usd only then], although the very bottom was half that or less, not much had traded before around the .50 mark [this is all from memory] ... so it was around an 11- or 12-bagger overall, not that that means much to most of us ... there was lots of volume around the 1.00ish area and then around the 4.00ish
There were around 40m shares out early in that period [? - if memory serves] ... approx 200m now, so what do you do, divide the historical by five, could be reasonable?
Zinc was hot then, coming out of a long-term oversupply, price screaming, and silver not too bad either, was clearly going to move in short order, which it did
Both metals up over another one per cent today ... it shouldn't be too long before Coeur is in the green on their usd40-cent paper, maybe we can sell them more at usd.50 for drill money, eh