Historically, more often than not, it has made sense to sell junior miners in May because the price drifts down over the summer and bargains can be had in late August, early September.

This year, though, may be different. The derivatives melt down has changed to character of everything. My juniors are all bashed down already and I think some will start to come back over the summer.

As for VMS, I'm holding on tight to my shares till we know more about the size of this deposit. Disappointing day for sp but the story is just beginning...