A lot of this is rationalisation while treading water. All sorts of factors will come into play down the road. Cost of mining, dilution in favour of a major etc. How much did the players give up at Hemlo for example and what was the size of their floats initially? Nothing approaching the present numbers I'm sure. When i was in the mining business, with a producing mine we had a float of 3.3 million shares. It didn't increase even by 10% in 7 years. Nowadays nobody thinks twice of having a float of 170,000,000 shares and the attendant dilution is forgotten in people's dreams. So to have a high target price you have to have a huge elephant out there. So the point where you take your money and run could be quite low