When you say something went from $40 to $12, you could say that about banks a few years ago, yet you would have been getting deals at $12. Just so you know, when AN ENTIRE INDUSTRY drops 50-80%, that's almost always a time to buy.
Especially best of breed companies like SLW. SLW has 33 employees, with a market cap of $5 billion, and you are comparing it to miners and oil companies? That's funny.