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W_vdm

01/26/21 12:23 PM

#2684 RE: GM5 #2683

I agree with your fundamental assessment regarding production, reduced risk, high copper prices, etc. The market clearly does not (yet).

The virtues of this company have boasted here many time, we know them. Better is to look at it from the opposite: why does the market not (yet) agree?

- Lack of marketing/visibility?
- Waiting till production is actually ramped up? (more derisking)
- Waiting to see if we'll have sufficient acid to produce the amount management promises? (more derisking)
- Antipication on lower copper prices? Maybe due stricter lockdowns by the new president?
- Something else...

All perfectly possible and as such impacts the price & chart regardless of rerating and what Lassonde's curve tells us.