Most of the talking heads at the last Vancouver resource show said that the deep doo-doo that the junior miners find themselves right now is due to "diversification", which was orchestrated by the ignorant (lack of understanding of the junior miners) hedge fund managers who dumped billions of $ into the sector in early 2009 without really knowing what they were doing. Now they are liquidating the ugly, bad and the good. I think diversification is overrated, but something to keep in mind.