...What is being lost under all of the gloom, is the positive part, the cost factor. The collapse in commodities which comprise a lot of the mining costs, the sudden abundance of drills (and at a much cheaper price) and an abundant labor supply as the depression takes hold, will soon enable the juniors to greatly reduce their costs. The spread between the gold price and the cost factor has recently risen dramatically, and once this liquidity phase ends (anyone's guess) the gold share explosion will be historic and phenomenal. I don't think any of us foresaw how deep and relentless the share decline was going to be, but it will end and the greatest move in the history of stocks will commence. But it has been horrible...