like I said sentiment seems at an extreme negative for this...

like I said sentiment seems at an extreme negative for this stock whether justified or not based on past performance
what your missing is that if sentiment wasnt so negative the stock would be alot higher than its current levels

Ive always found that when such sentiment takes a stock to or below its cash levels all the stock requires is a positive catalyst to turn things around and with the current gold bull sentiment starting exploration in a known elephant deposit area seems ok to me

its a punt based on the same reasoning and logic thats made me big $$$s in the past
maybe it works maybe it doesnt and LCY proves to be the exception time will tell