Value Microcaps Junior Miners

[GoldenKnight]

CSM/LRR ratio

CSM closed at .39 today. With a .4 exchange that comes out to a .975 LRR price, yet LRR was actually down today, closing at .83 - big spread .. competitor premium being priced in? Simple market imbalance that arbitrage will correct? Thoughts?

As I have stated, I'm extremely bullish on SMC. But I was also "loaded to the gills" with it from the lows. So I did sell some today in the final 10 minutes of trading. I still have plenty and believe it's a 10 bagger from these levels sooner than most will believe. I feel we are close to a big move in gold, after we get through this minor down wave. Will the juniors now follow the majors lead and correct a little? I plan on buying back the shares I sold pretty quick.

LRR.TO .83 implies a .2784 SMC price (.83 * .4 * .83856). I'll gladly buy back my shares for that price. :) I'm happy being right or wrong with my sells today...i.e. I feel it was prudent to "take the free shares" after having triples/quadruples from the lows. I still have plenty of shares if it just screams higher. Have cash for opportunities in bigger cap gold once it bottoms .. but I would really prefer an SMC pullback, just for a moment. :) :)