You are so right RP. They are all lumped in together, some have the goods, already proven, and some are total wannabees which have grades that in todays high cost environment will never make it.
So it makes you wonder why the juniors with great prospects are faring so badly. Perhaps there are many investors waiting to see if gold will retreat, or whether we really are midway or earlier in a raging gold bull. I wouldn't be in the sector if I didn't believe the latter.
But, it's a highly manipulated market as we all know. The central bankers are desperately trying to keep a lid on the gold price. The shorting going on in the precious metals and gold stocks is weighing heavily on them. That certainly plays into the hands of the large miners who, as you said, will be stealthily acquiring the juniors with the best prospects at bargain basement prices right now.
I can't wait for the time when the tide can no longer be held back, and the rush is on to get into gold. I think it will happen in a huge wave. There just isn't that much gold to go around.
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