Interesting comments, and though you were responding to VT1, here is my response.
The shift in mindset of investors away from explorers/developers to producers is obvious to all who follow the sector. You suggest that this is not a short term phenomenon and will last for several years. I can't see that. You mention that juniors are required to continue raising funds. That is true, but it is also true that majors and intermediates are required to continue replacing reserves. The new CEO of Barrick recently commented on this, and he is sitting in a position where I would think he would have a good assessment of the market. He said that the new deposits available for development and mining are not anywhere near what is needed for the majors to replace there reserves to continue the annual production at current levels. So in my view, this is a simply question of economics, supply and demand. As well, the scale of our projectd is unusual. It is common knowledge that there are very few deposits of over $5 million ounces available. There is no question that we have an asset that will be valued by majors and intermediates. West Africa has one of the fastest growing gold mining sectors in the world, so I would not write it off just yet. And each country is different. Miners that have worked in Burkina Faso have all praised the government there as being extremely mine friendly.
As for the shift in investor psychology, that is obvious, but the question is what do you do about it. And Warren Buffett has said something to the effect that Public Opinion polls are no replacement for thinking. Bufffett has also pointed out that Gretzky was a great hockey player because he didn't focus on where the puck was but rather where it was going to be. The PFS suggested that Kiaka is going to produce 340,000 ounces of gold a year over a ten year mine life. That is our future and the share price will follow as we approach that status.