Is that the nature of financing in the junior world is changing.

New mines WILL be built, and the gold sector doesn't need the loans. The banks know this, so the loans will be there. Money goes where the money already is. The large caps are raking in profits right now. Most of them break even between $400 and $450.

That's right. They are currently making 50% profit on every ounce of gold they produce. If the banks won't come to them, they can self-finance.

Amanda Lang (BNN) was interviewing Terra Venture's (uranium play) CEO, and made the comment that everyone there was saying that in the gold and uranium sectors it was business as usual and banks were lending.

My only fear is that a new reality entered the market last November. Large caps can buy a lot of the juniors for a fraction of what people were paying for their shares this time last year. Juniors may not return to fair appreciations. Mines will be built, but I fear I may not get all of my money back.