I also think the underlying issue with all these gold juniors is market mentality.  Most of these guys have proven deposits but the market still hasn’t adjusted to the fact that low margin deposits are the new norm.  Open pit mining is not the best way to do mining, but unfortunately all the low hanging fruit have been picked and this is the new reality. :/  I'm hoping it's a combination of the US market imploding, and people dumping their money into the Canadian markets that helps our SP's rise to where they should be. :)