The development stage producers have sold too much. They will be financed at this price. An increasingly positive regulatory environment in Canada will benefit them. High quality Canadian and American projects will benefit with a premium to be paid (deservedly or not) that will make their cost of capital lower.
Revenues have turned a corner. Small-cap gold exploration in Yukon. Interesting neighbours like AEM and NGT. AEM owns just under 20%. Revaluation of the asset base and ramp up in activity could significantly increase the resource and make it a takeover candidate. No dividend.
The development stage producers have sold too much. They will be financed at this price. An increasingly positive regulatory environment in Canada will benefit them. High quality Canadian and American projects will benefit with a premium to be paid (deservedly or not) that will make their cost of capital lower.