The juniors are done. Let's face it. I don't see much point in selling, unless you really need the money. They will come back in a few years. But for now, they're done.

I hate to say it but even buying now is probably a bad idea. There is every likelihood that we'll see six sense now.

And sadly, for many that day will come and that will further drive prices into the gutter. However, juniors, like Tyhee, have no hope for the immediate future of realizing any value from the gold in the ground other than a takeover from a major.

Producers will benefit from the price of gold going up, which it will at some point. The juniors will not be able to get any kind of financing to build a mine. Over the last few weeks there have been several more viable projects than Tyhee, which are at a far more advanced stage, put on ice. The producers will start picking off some of these companies. They'll be