Ann: Down Dip Continuity of Very High Grade Zinc-Lead-Silver, page-76

Some of the questions you pose there Crom will take years to unfold one way or the other.

When fear is present & escalating especially in commodity markets the market could not care less about what a particular exploration company may have. If the outlook for world growth is seriously on the slide then just about anything in the commodity sphere will be impacted. Any stock within that realm will get sold down. Anything that is deemed risky will be unloaded. There is no cash being generated by Peel at the moment. If it were mining & spinning off cash flow that would act as a certain buffer. But even then would not stop a big price decline if a deep market correction were to take place. 

Only after the dust starts to settle & the smart money deems the worst is over will bottom picking begin. Then seriously oversold situations will be snapped up. Firstly in blue chips & secondly in good cash generating companies. Commodity based companies ( apart from majors ) are usually the last to benefit. Because people need to see evidence that growth is about to or soon will return. 

At the end of the day confidence is king. If it ain't there then nothing else really matters.