Right you are, no telling when the equities will catch up. Flight to quality. Since I have to hold for 1 year before I sell, for the tax advantage and with the advice I've received, which goes with Eodway's article (Glamis), I want to keep my position through the feasibility stage and into mining, which, IMO means keeping my position through a take-over as well.
Funny you should mention bullion, I have as much in silver bars and GLD as I do in equities. Made this choice very recently. It's all a risk, but 2% in a CD just makes me ill.
I hope the coming news is good, the IP anomaly on Don Julio sure seems to indicate that their are values at depth.
Not investment advice.