I think you only need to look back at WGX 12 months ago to see why. Could only be described as an unprofitable disorganised @#%show. More about maximum ounces not profit. I doubt the BOD would have have been up for acquisitions till WB turned the ship around. They did a big CR to basically stay afloat which pissed a lot of people off including myself, but in hindsight they probably had to. Also the surrounding small caps have only gotten weaker as funding has dried up and would be very difficult for them to finance a mill or mine. Maybe as you say toll treatment but I don't see WGX or anyone doing that on the cheap as they know they don’t have many options.I think a few of the explorers will have to merge if the don’t get bought out. It’s a hard way to survive only getting a couple of drill holes per CR till you are back shaking the tin again.
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