The hedge funds and now depressed shareholders might discount that as in the ground, but the major producers are eager for reserves and willing to pay good prices.

So one inviting answer is, if you discount all other rationale reason why undervaluation will attract buyers, note that as gold rises the majors are already, but will accelerate purchasing every junior with a property of one million ounces or more.

Competition produces better prices. This should be an inducement for any junior with very attractive properties to hold on to them at least until the Godfather makes an offer that in economic terms cannot be refused.

The hedge funds can scare you, but are totally irrelevant to the major producer seeking to expand reserves.

Regards,
Jim