Poly, you are quite correct in the thrust of your comments. All pricing takes place at the margin of supply and demand, it does not equate to valuation. Therefore, when factors such as lack of a 43-101 and major exchange listing simply leave a lot of otherwise buyers on the sidelines, price suffers significantly. That is not a critism of anything RN and team are doing, it simply describes the task at hand. It also describes accurately why many posters' perception of value (including mine and yours) is not being met by market price. And that is what makes a market. If market price does begin to fill the gap, more sellers will appear, so rarely does the price of an equity get to exceed the collective assessment of value. That is why the equity market provides these awesome opportunities not available in most other asset classes.