Argue the point if you wish about the sp going up and nothing was said about manipulation, but just think for a minute that if you are not confusing sp manipulation with speculation. And don,t give me the excuse that at $2.80 we were overinflated, because, just as one example, take Extorre that saw their sp a few months back at $14 per share, with only a very small fraction of potential that we have, taken there by speculation, not manipulation.

You say I am confusing manipulation with speculation.It sounds like you’re saying if the shareprice goes up it’s speculation and if the shareprice goes down it’s manipulation.I would argue it works the same in both directions.The shareprice can be manipulated up and speculated down as easily as the other way around.When St. Elias hit 2.80, buyers speculated that the drill results would prove a world class discovery.When drill results failed to live up to expectations, sellers speculated that nothing further would be discovered and sold the shareprice down to 0.20.

If you want to use Extorre as an example, it’s a good one.I agree with you that it was speculation that drove the shareprice to 14.00.It was seriously overinflated at that price, as the buy-out price of around 4.00 eventually demonstrated.And yes St. Elias at its high was way over-valued too based on comparisons to peers’ resources.Had drill results proved favourable the way they did with Extorre, St. Elias’s shareprice might have gotten equally carried away.But the point I was making in my previous post was that it is up to the individual investor to determine when a company is undervalued (buy) or overvalued (sell).People who bought Extorre above it’s final buy-out price of around 4.00 ended up with losing positions.The onus was on those investors to determine a realistic potential for the stock and invest accordingly.When St. Elias, with no resource, was trading for the same market cap as XRC’s 60 million ounce gold-equivalent resource, it was up to the buyers to determine if that shareprice was realistic.I was a shareholder of St. Elias at the time and I decided that without a resource, the entire market cap hinged on the drill results, which made it too risky to hold.Had the drill results been favourable, I likely would’ve left a lot of money on the table.