I sort of feel like the current market in the juniors is performing a slow water torture treatment on us shareholders, testing our capacity to hang on.

It is amazing as to the number of articles the past couple of weeks expressing how undervalued the juniors are relative to the price of gold. We read of the myriad reasons as to why money is leaving the stock market---liquidity, margin, etc.

I have always feared the fact that when the general public finally decides to jump into the market, they will buy natural resource mutual funds, or the Gold/silver etf's. These seem to be much simpler ways for them to gain exposure to the metals markets. The juniors can seem intimidating as their unfamiliarity/inexperience might cause them to avoid the junior sector.

We have heard many thoughts on what will be a possible catalyst to spark an investment rally in the juniors, but we are getting tired, so tired, waiting for this catalyst. So we speculate as to what will happen, will the share count cause too much dilution in comparison to the reserves, what will happen if Webb gets run over by a bus, etc.

Oh, for the day when that catalyst arrives...................Hang on folks, we have waited this long so we might as well ride it out!