excellent post tokatoalot of good work and effort. I agree with all your points especially point 3. Also agree that too many investors will be sinking their money into the fly by night companies that will end up producing sweet f/a. Of course there may be tons of money to be made on the ride up regarding these fly by nights but you have to get out before the market realizes they are behind the time line and brings them crashing down. I think eventually there will be a solid correction in mining stocks but this could be 5-10 years away (and there will always be corrections along the way). Yet this is no dot com bubble - these guys make huge money (com's never did) so my preference is to find glaring undervalued stocks versus the fly by nights and play the fly by nights in baskets hoping for the home run along the way. GLTA!!