The whole junior mining sector right now is being tossed around by the turbulance in the greater market. Things are upside down and we are getting pulled down by risk aversion, capital raising, and nervous selling- and getting pulled up by wild speculation, flight to safety, inflation hedging etc.
The less solid news we have, the greater the influence of these other factors. Mr. Market has a very short attention span.
Be patient. Q1 2009 will be very telling. The powers that be have made their choice, hyperinflation over letting their banking buddies actually take the fall for their mistakes. The biggest inflation by far is still in the pipeline and when it hits, gold will be the store of value it has always been for the last 5000 years. Then every stock in the sector, worthy or not, will benefit from the manic phase in buying anything that relates to the shiny metals.
But the real operations like Canplats, they will produce returns that will be talked about for years!
Hang in there, it will make for a great story when your grandkids ask where their trust fund came from.
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