XRC has no plans building a mine, so get that straight. Its an exploration company and not a mining company by any means. It doesn't have an experience nor the financing to build a mine. So I don't really share your enthusiasm that XRC would go in to production.

While its true that entire mining sector is cheap, there really is no saying that gold is going up, or the fact that higher gold price will lift the entire sector up. Stocks go up because large funds move in to sector. Big money isn't coming to mining any time soon.

I'm long on XRC and believe patience is the key. It could be next week, next month, next decade..who knows...