Welcome back Richard..........hope the water was crisp and sweet on your trip.

I happen to agree with your scenario here as we have been forecasting this trend over the past couple of months. The producers will get the first influx of investor money as gold gets recognized as a proper investment vehicle. Once they reach proper valuation, and more investor money comes into the sector, the juniors (hopefully) will be sought as a cheaper alternative with the gold in the ground.............or at least some takeovers will happen at better ratios than we are currently seeing..........something else to spark the sector