If .055 holds this could be bottom level area. If .055 breaks, IMO, we are going to test .04ish range where I will be buying.
I think the Q coming up will push those levels to reality. I also have an email in to the GOLDRUSH folks to see is they even have heard of SFMI ever and if they have been shooting in the area! I will advise what they say.
The only flaw in your thinking I can see is you may be buying into higher prices going forward.
I'm still hoping for lower prices but if they don't happen soon they won't at all. That's why I'm spreading my buy through the end of the month. I have a bunch of free trades so I'll buy a little bit each day and it won't cost me anymore than buying them all at once.