"...nothing else really matters."

Respectfully, I strongly disagree. Firstly, the deal at NPSP should close within weeks, according to JB's earlier estimate. That alone will change the profile of the company from being a cash sink, to a cash cow.

Then, Hay Mountain is not the only prospect available for potential partnerships at this time, it's just the largest. It's so large, in fact, that it can only interest a tiny fraction of potential partners around the world, especially in this horrible time for the sector. I think recent news hinted at some interest in smaller deals, but we will have to wait 'n see about that.

Besises, something unexpected can always pop up, if even if on a much smaller scale than Hay Mountain itself. Such happens all the time in this sector. In the meantime, to discount the effect of metals prices on stock values is to misunderstand the industry.

As is often said about mining, "A rising tide lifts all boats," and, "When the wind blows even turkey's will fly." In other words, if the metals market turns up as it did in '79-'80, even dogs will gain 20X, and really high flyers will go up 100X, or more on routine discoveries. ...and this such a market comes along 2-3 times per century, historically speaking, so we are about due for that anyway.

Hang on.