They've actually stepped drilling by adding another rig...but traders being what they are, if they aren't bombarded by a play by play they get bored and move on and like you were saying, silver itself has been lagging.
Check out this comparison chart between these two pureplays, WTC certainly doesn't look like a company with a problem, if anything their property is probably better than what they've been saying. Also note there's been some bullish insider trading with Prudent Bear Funds adding an additional 2% to their 11% holding of WTC.
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