Option 2 or 3 seem likely here...
A Beginner's Guide To Mining Stocks
Mining stocks are truly two distinct groups: majors and juniors. For the juniors, there are really three fates. The most common is failure, which leaves a hole in everyone's pocket, including that of the banks and investors. The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around. In the third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of; it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years.
Stocks http://www.investopedia.com/articles/basics/12/beginners-guide-mining-stocks.asp#ixzz4tdq6Qo8y
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