With the normal markets in shambles, people losing money everywhere, it is the junior stocks, especially speculative explorer types, that will have the hardest time with SP.  No one is lending money, thanks to the sub-prime fiasco, so safer plays are being searched for.  Everyone is looking to shore up their accounts and they are looking for companies that are making money, or are about to make money.  

Presently, there are no ML area plays that are at that stage.  NOT may have found the find of the century, but it will still take several years for the area to be fully explored.  Voisey's Bay was discovered in Nov 94, but the mining operations couldn't start on this major find until 2004, after all the environmental testing, infrastructure etc was completed.

Obviously, we won't have to wait until a mine is in place for our stocks to gather the attention needed to boost the SP.  However, the market is not counting in what we have in the ground at the current commodity price, because it is still in discovery phase, and production is still off in an unknown future.

Once the true size of the deposits are firmed up (Q3, 2008?), the prices will stabilize at a much higher level.  By that time, the market jitters will have subsided and money should again flow freely.  Once these two factors combine in our favour, it should be a synergistic event, and we will find our stocks overvalued. Oh happy day :)

The above is IMHO. 

GLTA, stay long through the boredom.