There is a lot of catch22 in the small golds at the moment. Some...

There is a lot of catch22 in the small golds at the moment. Some are on very good gold but are having their scarce stary up capital sucked out in trying to satisfy stringent jorc requirements for financing.
It is much more expensive to build processing plant now than it was two or three years ago, even one year ago. Their shareprices are tanking because they find it so hard and this makes it even harder. More dilutive to get more money.
The funny thing is though some of these little miners will be obscenely profitable, if they could get into production, perhaps because few of the punters think gold prices will stay high.
Well, it looks like not just gold but everything metal going to stay high. Demand is rising and production is falling.
I have stock in one little explorer that has more than a billion dollars of high grade drilled in just one spot with no bottom found at 1 km deep all the way from the surface. A million dollars a metre in just one drive. For 1 KM plus. They will probably have another twenty of these on their leases. There are there or four that will come into this category, but they have to burn up so much money jorc'ing themselves off to oblivion.
Whatever happened to the wild miner?
The only stocks anyone buying right now is looking at are giants which pay a piddling dividend yield.

But then the whold market is mad with fear at the moment. Bargain time.