Especially considering the reasons its down. Suggests it may take a while. Be patient. The Aussie thing is a bit of a short term monkey wrench. BoC rate increase schedule is another. Mostly fear factors keeping buyers away from everything.

Generally, majors have lots on their plates and are not chasing greenfields with long lead times. That is for another day anyway.

But rest assured it will happen eventually.Europe could actually help if we find enough pms. The dollar has all the same problems as the Euro, and pms will continue to shine.

The first big NOT price catalyst, other than super drill results, will be when China appreciates the Yuan by say 2 or 3% , eliminating much of their inflation and shutting up the shills who every day tell us that all of China will crash. That is coming soon and will refresh the metals cycle.

Assuming both of these happen in June or July for example, we might go into the third quarter at $2. or so. Be optimistic about getting back over $2 this year. The bigger problem is where to go from there but that is for next year.