I know sentiment in miners remains bearish, especially with Russian miners selling off today, again highlighting country risk.

Some developers/explorers however did really well the last 6 months, what clearly shows this is a stock pickers market and the market wants size and/or grade and prefers safer locations as US and Canada. For some high grade stories like MGG (next Mag silver?) in Mexico or EVM with Mexican exposure the market gets excited too as these companies have a unique sets of assets with top notch Management.

NM is finally getting some market recognition as the company could be sitting on several million high grade ounces in Nevada. Valuation should get closer to Corvus in the next years I believe. (I bought some in December)

Other companies like BAY, the risk reward is too compelling to ignore, especially with ex-IVN people on board. (I recently added on this as I want to be positioned ahead of drilling.)

Stories like NVX got traction too, although this is pure speculation, as only some holes have been drilled! Next could be NGE I believe.