I think two things have made the SP drop after the excellent discoveries last year:

The first is about the all-year access road, is it possible, how long a time and how much will it cost. Todays post about the existence of pretty large amounts of gravel helps a lot and makes this more positive.

The second was the NR about chromium. Canada is a nickel country, people invest in nickel, who knows anything about chrome. And futher, suddenly nobody could any longer predict what to find next. In this case 2 half full glasses turned into one empty one. Everything suddenly changed, this was a huge sell signal. Could this change? certainly you either have to find more nickel again or indeed proove a chromium resource. To admit, personally so far I have ignored the chromium. I probably should look into this and I think a lot of people eventually will as more will be found.

Personally I think this will require a couple of years of more drilling to determine if indeed this region will be developed or not. It is of course possible that E1 could proove up a lot more ore fairly quickly, and that would be extremely positive. From a mining point of view one large deposit is much better than a whole bunch of small ones even if the tonnage adds up the same.