Today’s Sweet Spot If junior exploration companies aren’t exploring and making discoveries because of a lack of funding then those juniors already with discoveries, the ones that are well along the development path to being a mine, are definitely considered to be in an investor’s sweet spot.
They are also worth that much more - because of the upcoming reserve replacement squeeze - to a major mining company and investors looking for a potential takeover candidate. Beginning cash flow also enables management to grow the company by taking advantage of the poor situations so many others find themselves in.
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https://aheadoftheherd.com/Newsletter/2013/Todays-Sweet-Spot.html