The political risk is well documented and it will have been priced in for many months, possibly years. The present fall must be put down to the further delay. The delay is frustrating especially as it results at least in part from a lack of foresight and foreward planning. However this is not unusual with small companies with limited budgets and few staff.
The good news is that we have a world class mine in the making. Although in the run up to the election threats will be made, in the end common sense should prevail as Peru is a very poor country which cannot afford to frighten off investment. A financial solution will be found to satisfy all parties other than those fundamentally opposed to any development. This situation is no different from elsewhere in the world.
Regardless of whether the sp. now rises or falls, the present price IMO appears to be very attractive.
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