I agree with your thoughts.

The majors are hurting as much (proportionately) as our beloved junior mining stocks in the ROF. There is, however, a silver lining in the pain being felt by the majors.

When they are doing there detailed financial investigation of each of their large holding they will not only be deciding which sites to close, but also "how do they make up the lost revenue over the long term".

This is where the ROF players come in. They have proven assets in the ground, they are increasing the resource estimates with almost every hole, they are located in Canada where the mining costs should definitely be cheaper (all expenses considered), the political climate is stable and must start to encourage development, and finally there appear to be several mineable elements making the possible returns even greater.

This is still - the world's next biggest and best mining development--------IMHO