"Gold at $1600. Decreasing future global gold supply in safe reliable jurisdictions. A junior gold company moving towards production. The list goes on."

Here's one that belongs on your list.... Book Value

Many, if not most, exploration/early producers have a "Book value" of somewhere between 2 and 4.

Tyhee's "Book value" is 0.8. (from Yahoo finance)

I believe that means that if I were selling you my wallet for $10, I would first have to demonstrate that there are 12 one dollar bills in it that go with the deal. So the company is worth less than the sum of its assembled parts (capital and equipment) ...aaargh!

The situation stinks to the high heavens and goes beyond absurd to INSANE. This could not happen in a rational market. The idea that markets are the perfect arbiter of price at all times is just plain nuts.

P.