There was really no basis for the move to 50c but there has been a relentless wave of selling since this level. The quarterly is due out shortly so im hoping it includes some news of the resource size or the results from the additional 4 drill holes that they had assayed in order to determine the resource size. Im not sure why it has taken so long to deliver any of the announcements stated to be completed by the end of December.
It has been pretty slow progress with news from the Buena Vista project since it was first announced almost a year ago. A few drill holes and some metallurgy tests. Following the release of the PFS expected in march, i dont think a great deal of additional news would be expected on the project until late in the year when construction is due to commence following permitting approval.
RHM Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held