Mike - very much appreciated you writing. Makes a lot of sense. I was indeed curious too about the successful financings that the juniors have done recently - those financings are invariably "smart money" - i.e. institutional.

As Warren Buffet put it, to paraphrase, buy when everyone else hates it. Then be patient. In early Spring, it seems mid-Summer will never come. And invariably it does.

Great writeup.