Big, I would suggest looking into some of the commentary on mine development cost (look at Barrick, Kinross, etc financials that came out today), and then the % year to year that cost are going up.  I saw or read a quote that Barricks all in cost with TVM is almost $1500 an oz right now.  I do think this is a good thing for the Price of Gold(POG).  I think the rate of discovery vs consumption is going to push POG up a ways, But I think it will take time 1.5 years or more.... Anyway, these are good things for the Junior sector over the long term provided they can hold on and don't need to finance at these low prices.