Not sure if the drop is related to Red Chris. The native situation will be resolved; opening up the mining is a win-win for the companies and the FN; it will provide a steady source of jobs and income for the next 50 or more years for the FN.

I think it's just someone who panicked or someone who thought he or she could drive the sp down and pick up some cheap shares. Looking at the volume, this person likely ends up paying more to buy back the shares. The ask volume remains thin and there is little evidence of much panick selling.