Perhaps but the market will remain wary of juniors who want to...

Perhaps but the market will remain wary of juniors who want to develop anything other than top tier resources (even then its preferable with a JV). There are a few out there trading at cash backing or less (e.g. CFE, HGO, VCN) because the market thinks building a copper mine is an unwise investment in current economic climate. I agree, but there's no harm in exploration especially with view of a sale/JV to a major or the Chinese. These guys can absorb the price volatility but it can wipe out a junior mining a single commodity at anything less than the lowest cost - even if its only short term (CUO is a case in point). Drilling holes is much safer, and more fun imo.