theCurse - the problem here is investors who don't distinguish between GROWTH companies and the Major Market Cap should-be-paying-a-decent- dividend Miners.  If one wants to opine about dividends, then scream at Barrick, Newmont, AngloGold,  Goldfields, Goldcorp and Harmony who have stable long-term production and who should be returning capital to shareholders.   Don't mistakenly lump those small Cap Miners who are trying to grow into a Major player in to that group.  This is just the way things work.  Shoot, I thought everyone wanted to "get in on the ground floor of the next" Microsoft or Apple?  These small cap miners with HUGE growth are the miner equivalent of that.

.

But if you don't believe that this gold bull will continue, then one ought to reassess being invested in the sector.  From this chair, with all of the QE going on around the world, I suspect that there is more upside.  But for a company like EDV, that is going to be gravy - the growth of production and its associated cash flows will be the catalyst for an increased share price.

.

Look, a CEO of a mining company once told me, when I expressed frustration with the share price after start up of their mine - "The Professional money wants to see two quarters of increasing profits before they will buy new production."  This is because often start-ups don't go smoothly and have glitches.  So with the ramp up at Tabakoto not yet complete, I suspect Pro money maybe hanging back waiting for the numbers to prove Tabakoto is derisked.  But right now the Hedgies are ignoring the sector, so one has the opportunity to pick up good growth stocks like EDV, on the cheap, and make the Pro Money pay up later when they finally figure out these companies are printing money.

.

Good luck.