RE: takeover I should amend that comment a bit.
The large mining companies have got a mountain of headaches to deal with right now and no way are they going to be looking at doing any buyouts.
However, as one of the speakers at the Vancouver conference pointed out- there are other people out there with money. Private equity firms, etc. So even though the old holy grail of juniors of getting bought out by Barrick or Goldcorp or whatever is no longer in the cards, that doesn't mean there may not be buyouts on the horizon.
Checking my notes to see who made that comment- Lawrence Roulston.
Another thing is, we know that with all the money printing that's been going on in recent years, SOMEWHERE there are big piles of money with people wondering what to do with it. I think it is reasonable to expect that some of it may gradually trickle into junior precious metals companies.