Gold shares will not be valued sensibly until the POG reacts sensibly to global economic news. As long as "good' news out of Europe or wherever drives the gold price up, and "bad" news drives the gold price down, then our shares will be upside down. That's because there is no good news!
What I am saying is that it will take a perceived "flight to quality" to all things gold before the juniors/developers/explorers participate. The last vestige of unfounded trust in fiat currencies has to be purged first. Then no one will be worried about financing a mill; they will only wish for that problem.
Tyhee will go up in price as permits, FS, and some financing occurs. It will go up ten times more when the scenario I described above occurs - when all things gold are viewed as safe havens.
Strike