" In this situation quality junior mining stocks which have typically lost 80 – 90% of their value over the past couple of years, might only lose another 50 – 75% of their current value, so that a stock which has dropped from say C$2.00 to C$0.20 over the past 2 years, might only drop to say C$0.07, where needless to say, it will probably be a great bargain."

http://www.clivemaund.com/gmu.php?art_id=68&date=2012-12-23