"Rarely does a stock recover well from this kind of drop"
I'm not questioning your trading strategy or risk tolerance, but If you're going to say that, please explain your stance the the stock price of an explorer with existing and imminent progress, funded and government backed with easy to mine properties, makes a difference to its future success? If you can, where's the correlation between instances of "this kind of drop" with company failures?
Hah. The mine was closed because it was hard to mine and didn't meet production expectations. The easy to mine surface ruble is a pipe dream. Where is that mentioned in the Buckreef 43-101 report. Oh I forgot IAMGold decided to drill $100 million worth of holes but skipped the easy to mine surface ruble. Sinclair had to retract that statement as it violated Canadian disclosure regulations. You won't find that press release on the TRX web site.